SSEK Legal Consultants has assisted PT Raiz Invest Indonesia in obtaining a Mutual Funds Sales Agency (APERD) license from Indonesia's Financial Services Authority (OJK). Our work included drafting all the required documents for the APERD license and liaising with OJK officials.
This was the first time in Indonesia that a foreign direct investment company had obtained an APERD license from the OJK.
PT Raiz Invest Indonesia is a subsidiary of Raiz Invest Limited, an Australian financial services business "offering a unique micro-investing platform which allows Raiz customers to regularly save and invest." Raiz Invest Limited was named Australia's Investment Innovator of the Year for 2017 and 2018 at the Fintech Business Awards.
The SSEK team assisting PT Raiz Invest Indonesia was led by partner Dewi Savitri Reni, with associates Maria Yudhitama Eka Dewi, Aldilla Stephanie Suwana, Asri Rahimi and Juven Renaldi.