SBI Holdings invests $270 million in Indonesian platform Ajaib

Aug 28, 2026

Japanese financial giant SBI Holdings is investing $270 million to acquire an approximate 20% stake in Indonesian fintech unicorn Ajaib Group. The deal, marking Indonesia's largest tech funding round since 2022, supports SBI's 'APAC Digital Economic Zone' initiative. SBI aims to leverage Ajaib's seven million users to expand its yen-denominated stablecoin (JPYSC) and build cross-border blockchain settlement infrastructure across Southeast Asia, following previous digital asset acquisitions in Singapore.

SBI investment in Ajaib

▪The $270 million Series C funding round brings Ajaib Group's total funding raised since its founding in 2019 to more than $500 million
▪SBI Holdings plans to acquire a $270 million stake in Indonesian online brokerage Ajaib Group by the end of August 2026
▪SBI Holdings acquired an approximate 20% minority stake in Ajaib Group, making the Jakarta-based firm an equity-method affiliate of the Japanese financial services group

JPYSC stablecoin expansion strategy

▪SBI Holdings plans to use its investment in Ajaib Group to expand the distribution of its yen-denominated stablecoin, JPYSC, across Southeast Asia
▪SBI Holdings aims to build cross-border settlement infrastructure using blockchain technology to support regional digital asset transactions

Ajaib platform services

▪Ajaib Group offers over-the-counter stablecoin settlement services and liquidity to corporate and institutional investors in Indonesia
▪Ajaib Group provides access to domestic and international equities, bonds, mutual funds, exchange-traded funds, crypto assets, stablecoins, commodities, and foreign exchange

Indonesian retail investing market

▪Ajaib Group has grown to serve more than seven million users since its founding in 2019 by Anderson Sumarli and Yada Piyajomkwan
▪Indonesia's consumer-retail market is worth an estimated $375 billion, and the country has more than 20 million retail investors

SBI regional digital asset network

▪SBI Holdings acquired Singapore-based crypto exchange Coinhako Group for approximately $100 million in July 2026
▪SBI Holdings is establishing a network of digital asset exchanges in Southeast Asia under its 'SBI APAC Digital Economic Zone' initiative
▪SBI Holdings established a joint venture with Singaporean digital securities trading platform DigiFT to expand its regional digital asset footprint

Indonesia tech funding context

▪Indonesian startups raised $340 million in 2025, down from $440 million in 2024 and far below the $9.44 billion raised in 2021
▪Ajaib Group's $270 million funding round represents Indonesia's largest technology fundraising round since 2022