Ajaib, Stockbit, and other Robinhood-like apps stoke Indonesia's retail investing frenzy

In December last year, Steven Andrian, a 20-year-old resident of Jakarta decided to use the extra time he got to spend at home amid COVID-19 to dabble in stock investing. His preferred app was Ajaib, a two-year-old investment platform backed by the Indonesian venture capital firm Alpha JWC Ventures.