E-commerce unicorn Bukalapak has teamed up with online investment platform Tanamduit to introduce mutual fund products to first-time retail investors.
The partnership will see the addition of more asset management firms and investment products into Bukalapak’s BukaReksa feature, which currently provides over 20 mutual fund products for all users.
New local asset management firms added onto the platform are Bahana TCW Investment Management, Batavia Prosperindo Asset Management and Sucorinvest Asset Management.
The five new investment products, meanwhile, ranges from equity to fixed-income funds. The move is the latest move by Bukalapak to branch out into various fintech services.
The company, which started off as a pure e-commerce company in 2010, has launched a number of different online financial services including loans, credit and insurance, as well as mutual fund and gold investments.
In September, the company launched an e-wallet called BukaDana in collaboration with Emtek and Ant Financial-backed digital wallet firm DANA. This was followed by the launch of payment installment feature called BukaCicil in October.