Indonesian equity crowdfunder Bizhare Syariah to seek Series A funding for expansion
JAKARTA – Indonesian equity crowdfunder Bizhare Syariah will open a Series A funding round in the fourth-quarter to raise funds for expansion.
Bizhare started its Syariah division in July. Prior to this, the conventional crowdfunder had 57,092 active investors at the end of June, a growth of 346% compared to the same month last year. The company is now seeking additional funds to expand its user base to 22 million in all, Gatot Adhi Wibowo, its co-CEO told Salaam Gateway.
“The market is huge, we want to aim for at least 10% of Indonesian Muslims after we secure the Series A funding,” he said.
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