Ajaib, an Indonesian online stock trading platform, has raised $270 million in what Bloomberg describes as the country’s largest tech fundraising round since 2022. Techmeme’s aggregation of Bloomberg identifies the financing as a Series C from SBI Holdings. The Bloomberg feed summary provided here says the round is a rare bright spot for Indonesia’s struggling startup economy. The size of the round stands out against the recent funding backdrop cited in the cluster. Techmeme’s Bloomberg summary says Indonesian startups raised about $340 million last year, putting Ajaib’s single round close to that annual figure. The available summaries do not provide Ajaib’s valuation, use of proceeds, revenue metrics, user count, or other participating investors. They also do not specify the timing or structure beyond the Series C label reported through Techmeme’s Bloomberg pickup. For now, the supported takeaway is narrow but notable: a large private-market financing has landed in Indonesia’s fintech sector after a quieter period for local startup fundraising. Who benefits: Ajaib benefits directly from the new capital. SBI Holdings is named as the investor in the Series C, according to Techmeme’s Bloomberg summary. Who's exposed: Other Indonesian startups remain exposed to a funding market Bloomberg characterizes as struggling. The summaries do not provide enough detail to assess impact on Ajaib’s competitors or public-market trading platforms.