Fintech Aggregator Cermati Eyes Bonds, Digital Gold

Jakarta. Fintech aggregator Cermati is eyeing bonds and digital gold as these investment instruments are gaining popularity among Indonesians, according to its executive during a visit to B Universe Media Holdings on Friday.
“Bonds are doing great today because the Indonesian Central Bank’s rate has been on the rise in the past few months. The rate will likely remain that way for quite some time judging by the macroeconomic conditions, so that is one product that we wish to explore," Darwin Soesanto, the strategy & operation VP at Cermati, said when asked about the company’s future plans for 2023.
According to Darwin, bonds are a low-risk investment with a good return, and this has driven up its popularity among Indonesians.
"Equity investment products are currently not as high in demand because they are of higher risk, and the returns are not as competitive as they used to be," he said.
Read More:
- Research Agency BRIN Aims to Help Indonesian Businesses
-
New Capital Nusantara Has 140 Infrastructure Projects: Gov't
Aside from bonds, Cermati is seeking to tap into "digital gold" because it is more competitive in price compared to physical gold. Cermati enables its users to shop for financial products —ranging from banking, and insurance to investment— all in one place. Mutual funds became the latest addition to Cermati’s platform. The fintech aggregator also revealed that its users were keen on investing in mutual funds.
“Because we are embracing a self-service [approach], namely by giving users direct access to the products. We don’t find [the self-service approach] often here. Maybe there are a few players out there, but the incumbent ones are not ready,” Darwin said.
Darwin said that Cermati aimed to make the products on its platform accessible to the multitude.
“We have an overarching goal of boosting Indonesia’s financial inclusion. We wish to give people access to both long and short-term investment products. From a content standpoint, we want to educate people on how to invest the right way, and not fall for bogus investment,” he said.
Founded in 2015, Cermati reported that it had amassed more than 9 million monthly unique users.
"We have yet to disclose our target for this year, but as we look at the market conditions, of course, we always aim high. We are hoping for double-digit growth," Darwin said.
Tags: Keywords:POPULAR READS
Sharia Finance is on the Rise in Indonesia
The Indonesian Financial Services Authority (OJK) reported that sharia finance assets had climbed to Rp 2,375 trillion as of Dec. 2022.Prosecutors Demand Death Sentence for Police General Teddy Minahasa
The sentencing demand came a month after a former police general, Ferdy Sambo was sentenced to death for murder.ASEAN Taxonomy Expected to Attract Coal Phase-Out Financing
According to the second version of the ASEAN Taxonomy, coal phase-outs may be classified as green or amber activities.Indonesia’s Fintech Player Count Jumps Sixfold to 334: Report
Customer engagement is on the rise with Indonesia having more than 63 million e-wallet users as of 2020.APR Promotes Sustainable Viscose Rayon at 2023 Indo Intertex-Inatex
APR is also teaming up with 12 partners, among others, PT ACP and Agungtex, to promote sustainable viscose rayon at the textile fair.Popular Tag
Most Popular

