Bizhare

What Bizhare does

Bizhare (legally PT Investasi Digital Nusantara) is an Indonesian Securities Crowdfunding (SCF) platform founded in 2018 and headquartered in Jakarta Selatan. It is licensed and supervised by OJK under SK: 38/D.04/2021 and holds ISO/IEC 27001:2022 certification, having participated in shaping POJK No. 37/2018. The platform enables retail investors to invest collectively ('patungan') in Indonesian businesses via three security types — saham (equity), obligasi (bonds), and sukuk — from a minimum of Rp1 million per offering, up to a Rp10 billion annual cap per issuer. It integrates with KSEI for official securities recording and with a Bank Kustodian for custody, and offers a secondary market (Pasar Sekunder) for trading shares after a 12-month holding period.

The product surface comprises the main web platform, native iOS/Android apps, a dedicated Bizhare Institusi channel for institutional capital, a Publisher (Penerbit) portal for issuer onboarding and due diligence, and the Bizhare Loyalty Program (XP, points, tiered missions, 'Undang Teman' referral). Distribution is exclusively digital, self-serve, and Indonesia-domestic, supported by Bizhare Media content, Bizhare TV podcasts, and broad social presence. Revenue is generated via transaction-based platform, service, management, and administration fees charged to issuers and investors, plus secondary-market trading fees — all disclosed per offering in the prospectus.

Bizhare's customer base spans retail individual investors (students, homemakers, professionals) on the demand side and Indonesian SMEs as well as established brand operators (e.g., Alfamart franchise funding, Sour Sally, PT Aji Konstruksi Utama) on the supply side. The platform self-reports 200,000+ investors and 130+ issuers funded. The company remains privately held with 51–100 employees, has raised seed and later-stage rounds (most recently in November 2023 led by Kejora-SBI Orbit and Kejora Capital), and targets Rp2 Trillion in cumulative platform-invested capital by 2027.

Name

Bizhare

Legal name

PT Investasi Digital Nusantara

Website

https://bizhare.id

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

Bizhare is Indonesia's first and largest OJK-licensed Securities Crowdfunding platform, enabling retail investors to invest collectively from Rp1 million in Indonesian businesses via equity, bonds, or sukuk, while providing SMEs and established brands an alternative capital-raising channel up to Rp10 billion per issuer per year.

Ownership category

akta.pro rank

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Platform and Service Fees from Issuers: Issuers (Penerbit) pay platform fees, service fees, management fees, and administration fees for using the securities crowdfunding platform to raise capital. These fees are disclosed in the offering prospectus for each investment.
2. Platform and Service Fees from Investors: Investors (Pemodal) may incur service fees and management fees per securities offering. Banking fees for transfers and withdrawals are also borne by investors.
3. Secondary Market Trading Fees: Fees collected on buy/sell transactions executed through the Pasar Sekunder (secondary market) feature.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Bizhare operates an OJK-licensed Securities Crowdfunding (SCF) digital platform that enables Indonesian retail investors to collectively invest in businesses via shares (saham), bonds (obligasi), and sukuk starting from Rp1 million. The platform serves as a two-sided marketplace connecting retail investors (Pemodal) seeking fractional ownership and passive dividend income with Indonesian business issuers (Penerbit) seeking to raise up to Rp10 billion per year for expansion. All securities are officially recorded at KSEI and held in custody at Bank Kustodian, with a secondary market enabling share trading after a 12-month holding period.

Product overview

Bizhare operates as a unified securities crowdfunding platform with multiple integrated modules. The core offering is the Bizhare Securities Crowdfunding Platform, which facilitates investment in shares (saham), bonds (obligasi), and sukuk. This core platform is supplemented by the Bizhare Loyalty Program for investor retention, a Secondary Market (Pasar Sekunder) for share trading after holding periods, a Publisher Portal for business issuers seeking funding, and mobile applications (iOS/Android) for investor access. The platform also includes digital signature capabilities for regulatory compliance. All offerings are licensed by OJK and integrate with KSEI for securities custody.

Differentiator

Problem solved

Functional benefit

Products and services

• Bizhare Securities Crowdfunding Platform A digital securities crowdfunding (SCF) platform enabling Indonesian investors to collectively invest in businesses through shares (saham), bonds (obligasi), and sukuk starting from Rp1 million, regulated by OJK (SK: 38/D.04/2021). All securities are officially recorded at KSEI and held in custody at Bank Kustodian.
• Bizhare Mobile Application Native iOS and Android mobile application for retail investors to register accounts, complete KYC verification via e-KTP, browse offerings, purchase securities, monitor portfolio performance, receive dividend distributions, and trade on the secondary market.
• Bizhare Publisher (Penerbit) Portal A dedicated portal for Indonesian business issuers (UMKM and established brands) to apply, undergo due diligence, and raise up to Rp10 billion per year through shares, bonds, or sukuk on the SCF platform. Issuers must typically have 1-2 years operating history, minimum Rp1 billion turnover, and good financial record-keeping.

Quantifiable outcome

• 24% average annual dividend yield for Alfamart franchise offerings (2022 data)
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• KSEI (Kustodian Sentral Efek Indonesia)coreTechnology or IntegrationBizhare integrates with KSEI for official recording of all securities (saham, obligasi, sukuk) issued on the platform. All investor ownership is registered at KSEI, ensuring regulatory compliance and investor protection. Settlement instructions are executed through KSEI's C-Best system.
• Bank Kustodian (Custodian Bank)coreTechnology or IntegrationBank Kustodian serves as the official custodian for securities held on the Bizhare platform, providing safe custody of investor assets and facilitating transactions including dividend distributions and balance management.
• GK-Plug and Play IndonesiaminorStrategic or Co-development PartnerWesley Harjono, Managing Director of GK-Plug and Play Indonesia, serves as an advisor to Bizhare. Plug and Play is a global innovation platform that connects startups with corporations.
• Telkomsel VenturesminorStrategic or Co-development PartnerMia Melinda, CEO of Telkomsel Ventures, serves as an advisor to Bizhare. Telkomsel Ventures is the corporate venture capital arm of PT Telkom Indonesia.
• SBI-Kejora OrbitminorStrategic or Co-development PartnerShunichi Keida, Director of SBI-Kejora Orbit, serves as an advisor to Bizhare. SBI-Kejora Orbit is a venture capital firm.
• AngelcentralminorStrategic or Co-development PartnerPhey Teck Moh, Partner at Angelcentral, serves as an advisor to Bizhare. Angelcentral is a startup and venture ecosystem player in Southeast Asia.
• SGS (Société Générale de Surveillance)coreTechnology or IntegrationSGS conducted the independent audit for Bizhare's ISO/IEC 27001:2022 (previously 27001:2013) certification for information security management, registered with Indonesia's Ministry of Communication and Informatics.
• OJK (Otoritas Jasa Keuangan)coreOthersBizhare is officially licensed and regulated by OJK as a Securities Crowdfunding platform under SK: 38/D.04/2021. Bizhare also participated in the formulation of POJK No. 37/2018 on Equity Crowdfunding and POJK No. 57/2020 on Securities Crowdfunding.
• Kominfo (Ministry of Communication and Informatics)coreOthersBizhare is registered as an Electronic System Provider (Penyelenggara Sistem Elektronik) with Kominfo under PSE Kominfo registration number 536. SGS audit is officially registered with Kominfo.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• KoinWorks: Indonesian fintech offering P2P lending and investment products to retail investors funding SME borrowers. Overlapping marketplace mechanics, retail investor focus, and OJK-regulated fintech positioning.
• Amartha: Indonesian P2P lending fintech focused on financing micro and small enterprises. Operates a similar two-sided model serving both retail funders and SME borrowers under OJK oversight.
• Santara: Indonesian securities crowdfunding platform also OJK-licensed, offering equity investments in SMEs to retail investors. Most direct competitor with overlapping product (saham), regulation, and target customer base.
• Modalku (Funding Societies): Indonesia's largest P2P lending platform serving SME financing needs. Closely comparable two-sided marketplace model connecting retail investors/lenders with SME borrowers, regulated by OJK.
• Investree: OJK-licensed Indonesian P2P lending platform connecting investors with SME borrowers. Comparable marketplace model targeting the same SME capital-raise gap that Bizhare addresses via securities rather than loans.

Broad incumbents

• Stockbit: Indonesia's leading retail stock-trading platform with social/investor community features. Comparable retail-investor audience trading Indonesian equities, though focused on listed stocks rather than private SCF.
• Bareksa: Indonesia's largest mutual fund marketplace / investment super-app for retail investors. Comparable retail-investor base and digital-first distribution model, though product focus is on public mutual funds.

Emerging players

• Wefunder: US-based equity crowdfunding platform allowing retail investors to invest in startups and small businesses under SEC Regulation Crowdfunding. Closest global category peer for the equity-crowdfunding mechanics Bizhare applies to Indonesian SMEs.
• Republic: Global private investment platform offering equity, debt, and crypto-backed deals to retail and accredited investors. Comparable product breadth (equity + alternative assets) and community-driven investor experience.

Regional players

• Funding Societies | Modalku: SEA-wide SME financing marketplace operating in Indonesia (as Modalku), Singapore, Malaysia, Thailand, and Vietnam. Regional scale comparable in business model, and Indonesia presence directly overlaps with Bizhare.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/bizhare
• YouTubeyoutube.com/channel/UCYNA4RCs1n03zJ8hEULtYow
• Facebookfacebook.com/bizhare
• LinkedInlinkedin.com/company/bizhare-id
• Instagraminstagram.com/bizhare.id
• TikToktiktok.com/@bizhare.id

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds2 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bizhare