Quantit Joins Forces with STAR Asset Management and Bareksa to Launch AI Funds in Indonesia
Quantit, an AI-focused fintech company, has announced a strategic partnership with Indonesia's STAR Asset Management and Bareksa. The collaboration aims to introduce AI-driven investment funds in Indonesia by combining Quantit's AI-based investment platform with large language model (LLM) data analysis services.
Bareksa, founded in 2015, is Indonesia’s pioneering online platform for mutual fund sales. It has played a key role in democratizing the Indonesian investment market by offering easy access to mutual funds, stocks, government bonds, and digital gold through a unified digital platform.
PT. STAR Asset Management is an independent asset manager with a portfolio of roughly 20.2 trillion rupiah (around $1.24 billion) in assets under management as of December 2024. The company offers a range of investment products and strategies tailored to investor needs.
AI-Driven Investment Model and Data Analysis Integration
Under this partnership, Quantit will provide its “Finter AI Agent,” an AI-powered financial investment model design solution, alongside LLM-based financial services and customer data analysis environments to STAR Asset Management and Bareksa. This integration aims to deliver advanced financial product research and hyper-personalized data analysis, enabling customized asset management solutions for Indonesian investors.
Bareksa will roll out new app features tailored for AI funds and develop targeted market entry strategies. The three companies will also collaborate on joint marketing campaigns to advance the adoption of AI-based investment solutions in Indonesia’s financial sector.
Leadership Perspectives on the Partnership
Han Duck-hee, CEO of Quantit: “By leveraging big data processing, financial engineering, and AI technology in Finter AI Agent, we expect to enhance the asset management capabilities of Bareksa and STAR Asset Management. This collaboration seeks to deliver new financial value to Indonesian customers.”
Karaniya Dharmasaputra, CEO of Bareksa: “We are proud to partner with Quantit and STAR Asset Management to pioneer AI-based fund management in Indonesia. Our AI-based dollar fund project has demonstrated potential returns twice the industry average over 10 years, marking a significant step toward more effective fund management using technology.”
Hanif Mantiq, CEO of STAR Asset Management: “This partnership underscores our commitment to innovation and smarter, data-driven investment solutions. Working with Quantit and Bareksa allows us to integrate advanced AI technology for better decision-making and optimized returns, reinforcing our position as pioneers of AI-based mutual funds in Indonesia.”
Significance for the Southeast Asian Financial Market
This collaboration merges South Korea’s AI fintech expertise with Indonesian financial market knowledge, setting new benchmarks for AI-based investment solutions in Southeast Asia. The initiative aims to provide Indonesian investors with more sophisticated, personalized financial services while enhancing the global competitiveness of all three companies in the AI fintech space.
Executives and strategy leaders interested in AI applications within finance may find this partnership a noteworthy example of how technology and local expertise combine to drive innovation.
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