Bareksa wants to make online trading more transparent in Indonesia

Karaniya Dharmasaputra, founder and president director of Bareksa.com


Karaniya Dharmasaputra entered the spotlight at our Startup Arena pitching battle in Jakarta to educate the judges and audience about how his company Bareksa, a portal for trading stocks and bonds in Indonesia, can disrupt the archipelago’s investment game. Dharmasaputra calls Bareksa “Indonesia’s Bloomberg for beginners.”

While other sites like Infovesta and Indonesia-Investments publish news and content related to smart spending on commercial ventures, and Indo Premier serves as an actual portal for online trading, Bareksa offers all the tools that experienced investors and beginners need to make informed trading decisions. More importantly, however, Bareksa also provides the trading platform itself.

Bareksa also features a learning center that is complete with a glossary of otherwise tricky investor lingo and an index of listed companies that are already open for investment. On similar platforms like Bloomberg, just over 30 of the nation’s largest companies are trading. Bareksa already features more than 700 listed local companies that are locked and loaded for public trading.

“Our mission is to make the financial market more transparent in Indonesia,” says Dharmasaputra. He is no stranger to delivering the facts. In 2008, he founded the now gargantuan Indonesian news portal VIVA and is a former managing editor at Tempo news magazine. He is also a recipient of the Bung Hatta Anti-Corruption Award and founder of the Public Policy Institute at Paramadina University.

See: Stockbit, a social network for Indonesian traders​

Is Indonesia ready for its own Bloomberg for beginners?


The judges had some tough questions for Dharmasaputra. Stefan Jung from Monk’s Hill Ventures stressed the importance of building communities around a product in Southeast Asia, and wondered how Dharmasaputra would build Bareksa’s user base. Jayesh of Jungle Ventures was concerned Dharmasaputra might not be thinking long term enough about the future of Bareksa and how to scale it. Willson Cuaca of East Ventures asked about Bareksa’s competition and Jung was wondering why Bareksa was more interested in strategic partners than VC money. Dharmasaputra fielded the questions in a timely manner and exited the stage, hearing a round of applause.




This is part of the coverage of Startup Asia Jakarta 2014, our event running on November 26 and 27. Check out all the Startup Arena pitches here. You can follow along on Twitter at @techinasia and on our Facebook page.

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