Failed 2023
Pluang (Down Round)
Indonesia's wealth-app Pluang raised US$160M during the crypto boom then conducted layoffs and reportedly accepted a flat-to-down round.
Founded → Closed
2019 → 2023
Funding Raised
$160M
Industry
Fintech/Wealth
Country
Indonesia
Full Analysis
Jakarta-based Pluang let Indonesians invest in crypto, gold, and US stocks. After raising US$160M+ during 2021-22, the crypto winter and Indonesian retail-investing slowdown forced layoffs in 2023 and a reportedly flat-to-down round. A useful Indonesian wealthtech datapoint.
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