Indonesian robo-advisor app Bibit teams up with Go-Pay
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Mutual fund investment app Bibit.id announced that it has partnered with Go-Pay – Indonesian unicorn Go-Jek’s e-wallet platform – to allow users to pay for their purchases via the payment gateway.
As part of the tie-up, Bibit, which uses robo-advisor technology, will allow users to transact via Go-Pay without any transfer fees.
Bibit said in a statement that transfer fees can cost up to 6,500 rupiah (US$0.46), and they are often a hassle for individual investors who are just starting out or have small capital.
Users can also start investing with just 10,000 rupiah (US$0.70) as starting capital, according to the company statement.
“We are open to partnering with other parties to expand our products and services,” said Bibit co-founder Sigit Kouwagam.