About FUNDtastic
FUNDtastic is a company based in Jakarta (Indonesia) founded in 2018 by Medwin Susilo.. FUNDtastic has raised $7.7 million across 2 funding rounds from investors including Ascend Capital Group, Indivara and Ascend Capital Group. FUNDtastic has completed 1 acquisition, including INVISEE. FUNDtastic operates in a competitive market with competitors including Halofina, Finansialku, Internusa Capital, Perencanaan Keuangan Syariah and ETC-Indonesia, among others.
- Headquarter Jakarta, Indonesia
- Founders Medwin Susilo
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.7 M (USD)
in 2 rounds
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Latest Funding Round
$7.7 M (USD), Series A
Feb 22, 2021
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Investors
Ascend Capital Group
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Funding Insights of FUNDtastic
FUNDtastic has successfully raised a total of $7.7M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.7 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $7.7M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Series A - FUNDtastic | Valuation | Ascend Capital Group | |
| Jun, 2019 | Amount | Seed - FUNDtastic | Valuation | Ascend Capital Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FUNDtastic
FUNDtastic has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Ascend Capital Group, Indivara and Ascend Capital Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investment advisory services are offered by Ascend Capital Group.
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Provides IT consulting, software development, and platform solutions for financial sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FUNDtastic
FUNDtastic has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include INVISEE. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform focused on investments in mutual funds
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FUNDtastic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fundtastic Comparisons
Competitors of FUNDtastic
FUNDtastic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Halofina, Finansialku, Internusa Capital, Perencanaan Keuangan Syariah and ETC-Indonesia, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
OLB228 provides online live casino games via multiple servers in Indonesia securely.
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| domain | founded_year | HQ Location |
Personal finance content and planning tools are offered by Finansialku.
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| domain | founded_year | HQ Location |
Provides AI-driven tools for investment decisions and mutual fund selection.
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| domain | founded_year | HQ Location |
Provides training and certifications for Islamic finance professionals in Indonesia.
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| domain | founded_year | HQ Location |
Operates a digital hub for investment consultancy and advisory services.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about FUNDtastic
When was FUNDtastic founded?
FUNDtastic was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is FUNDtastic located?
FUNDtastic is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Who is the current CEO of FUNDtastic?
Harry Hartono is the current CEO of FUNDtastic.
Is FUNDtastic a funded company?
FUNDtastic is a funded company, having raised a total of $7.7M across 2 funding rounds to date.
What does FUNDtastic do?
FUNDtastic was established in 2018 in Jakarta, Indonesia, as a fintech platform focused on financial planning and advisory. Investments in mutual funds, gold, insurance, and SBN are facilitated for retirement goals through a mobile application. Tools for setting financial objectives, providing recommendations, managing cash flow, and handling portfolios are included. Access is available on iOS and Android devices.
Who are the top competitors of FUNDtastic?
FUNDtastic's top competitors include Finansialku, Halofina and Internusa Capital.
How many acquisitions has FUNDtastic made?
FUNDtastic has made 1 acquisition, including INVISEE.
Who are FUNDtastic's investors?
FUNDtastic has 3 investors. Key investors include Ascend Capital Group, Indivara, and Ascend Capital Group.
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