Bibit.id, a digital investment app in Indonesia, has announced that it has raised US$ 65 million in a funding round led by Sequoia Capital India. The round was joined by Prosus Ventures, Tencent and Harvard Management Company while existing investors including AC Ventures and East Ventures also participated. Bibit said that the funds raised will be used for the launch of new products, tech development, acquire talents, and invest heavily to increase financial education and awareness to further build its platform. Launched in early 2019, Bibit is a mutual fund robo-advisory that enables investors to build portfolios according to their risk profiles and investment goals in a simple and optimal way. Bibit’s demographic is made up of 90% millennials and first-time investors.