Pluang Technologies Pte. Ltd.’s $55 Million Series C Financing

Allen & Gledhill acted for Accel Management Co. Inc.

Pluang Technologies Pte. Ltd. raised US$55 million in a series C round led by Accel Management Co. Inc., a venture capital firm. 

Pluang is an Indonesian fintech start-up providing digital micro- savings and wealth management services through a mobile app, which allows users to make investments in various asset classes, such as gold, US equity indices and cryptocurrencies. Pluang is also available through partnerships with Indonesian “super apps”, namely Gojek, Dana and Bukalapak, and has over 2 million registered users.

The Allen & Gledhill team was led by Partner Nicholas Soh (Picture). 

Involved fees earner: Nicholas Soh – Allen & Gledhill LLP;

Law Firms: Allen & Gledhill LLP;

Clients: Accel Management Co. Inc. ;

Sonia Carcano

Author: Sonia Carcano