GoTo, Grab face off over mutual funds in Indonesia

Two start-up giants, GoTo and Grab, have entered a new battleground in Indonesia, seeking to make online investing in mutual funds a fast and easy experience, like with their ride-hailing and food delivery services.

The relatively new online mutual funds industry has benefited from a surge in retail investing from stuck-at-home millennials trying their hand at investment with the money that they would otherwise have spent on holidays or elsewhere if not for the pandemic.

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