Financial Services
Indonesia
SEM/Startup
"With Raiz, investing is simple and affordable."
About Raiz
PT Raiz Invest Indonesia (“Raiz”) is a financial technology company in Indonesia. It developed a micro-investment platform and mobile app to empower customers to turn their daily spare change into investment easily and effectively, even starting from IDR 10,000.
After registering as Mutual Fund Sales Agent at OJK on 10 December 2018, Raiz hit one million app downloads in 2019 on the App Store.
In 2022, Raiz increased its customers by 20% during the dynamics of the Ukraine conflict situation that caused fluctuations in commodity prices and affected the capital market.
After registering as Mutual Fund Sales Agent at OJK on 10 December 2018, Raiz hit one million app downloads in 2019 on the App Store.
In 2022, Raiz increased its customers by 20% during the dynamics of the Ukraine conflict situation that caused fluctuations in commodity prices and affected the capital market.
Challenge
Sometimes, opportunities will bring challenges as well. Since launching in 2016, Raiz has achieved solid growth, amassing more than 2.6 million downloads, over 2,555,000 signups, as of 31 January 2022. Learning how to handle the massive amount of daily transactions and large-scale data and deliver a good quality of service have become two of the biggest challenges Raiz must overcome.
In order to create a safe and comfortable investment environment for customers, Raiz made customers’ account security a top priority, including customer data protection, prevention of unauthorized account access, and auto-detection of unusual activity.
Furthermore, uptime is a key factor of continuity in Fintech industries. Raiz is planning to include the best failover system in its digital transformation plans and strategies.
In addition, Indonesian law requires companies providing public services using electronic systems to have a disaster recovery site in Indonesia.
In order to create a safe and comfortable investment environment for customers, Raiz made customers’ account security a top priority, including customer data protection, prevention of unauthorized account access, and auto-detection of unusual activity.
Furthermore, uptime is a key factor of continuity in Fintech industries. Raiz is planning to include the best failover system in its digital transformation plans and strategies.
In addition, Indonesian law requires companies providing public services using electronic systems to have a disaster recovery site in Indonesia.
Why Alibaba Cloud
Alibaba Cloud has a strong presence in Indonesia with three world-class local data centers. Therefore, Raiz could rely on Alibaba Cloud for its production and disaster recovery requirements. Also, Alibaba Cloud has helped numerous local Fintech companies in Indonesia. The team has enough experience to help the Raiz Technical Team deploy their system and expand their business on Alibaba Cloud quickly and smoothly.
Moreover, Alibaba Cloud offers one of the most extensive portfolios of cloud-native database solutions, supporting all the mainstream open-source and commercial database solutions, including MongoDB, PostgreSQL, MySQL, SQL Server, and Redis.
In terms of product type and quantity, Alibaba Cloud offers more than 200+ cloud services to help optimize costs, scale efficiently, and maintain robust data security.
Moreover, Alibaba Cloud offers one of the most extensive portfolios of cloud-native database solutions, supporting all the mainstream open-source and commercial database solutions, including MongoDB, PostgreSQL, MySQL, SQL Server, and Redis.
In terms of product type and quantity, Alibaba Cloud offers more than 200+ cloud services to help optimize costs, scale efficiently, and maintain robust data security.
Architecture
As an emerging technology company, Raiz understands the importance of setting up its solution on top of a cloud-ready architecture. Thus, Raiz uses the Kubernetes containerization framework together with Alibaba Cloud Infrastructure as a Service (IaaS) (such as Elastic Compute Service (ECS) clusters, Server Load Balancer (SLB), and Container Registry) to build an application development and deployment pipeline with agility, coordination, and transparency and expand the capability to serve the increasing number of users and daily transactions.
Moreover, Raiz utilizes various Cloud-native data storage solutions on Alibaba Cloud to manage their huge amount of user and transaction data from different aspects (such as ApsaraDB RDS for database management, ApsaraDB Redis for caching, OSS for cold storage and transaction logs). All these helped the company personnel with typical database management activities and provided a built-in highly available and future-ready storage solution.
Moreover, Raiz utilizes various Cloud-native data storage solutions on Alibaba Cloud to manage their huge amount of user and transaction data from different aspects (such as ApsaraDB RDS for database management, ApsaraDB Redis for caching, OSS for cold storage and transaction logs). All these helped the company personnel with typical database management activities and provided a built-in highly available and future-ready storage solution.
Looking Forward
Raiz will continue enhancing its standard operating procedures to deliver a system with high quality and availability for its customers. Alibaba Cloud will continue supporting Raiz to achieve success in Indonesia through innovative cloud infrastructure services.
Featured Products
A Kubernetes-based service that ensures high efficiency for enterprises by running containerized applications on the cloud.
Elastic and secure virtual cloud servers to cater all your cloud hosting needs.
Server Load Balancer (SLB) distributes network traffic across groups of backend servers to improve the service capability and application availability. It provides functions as a reverse proxy at Layer 7(ALB)and load balancing services at Layer 4 (CLB).
A secure image hosting platform providing containerized image lifecycle management
The shortest path to enterprise digital transformation
ApsaraDB RDS is a stable, reliable, and scalable online relational database service that is built on top of Apsara Distributed File System and high-performance SSDs.
ApsaraDB for Redis includes the community version of Redis and the enterprise version of Tair (fully compatible with Redis), which supports primary-secondary, clustering and read-write separation architectures, low latency, high throughput and elastic scalability, and provides real-time diagnostic capabilities for large hot keys.
Fully managed object storage service to store and access any amount of data from anywhere
Other Related Stories
DANA
DANA worked with Alibaba Cloud to address business challenges in a cost-effective manner.
Adira Finance
Through Alibaba Cloud's cloud computing infrastructure, Adira Finance can achieve a scalable and more flexible management system through a hybrid cloud architecture that is more cost effective than its existing systems.
Astra Financial
Astra Financial accelerates its business growth through Alibaba Cloud's security, disaster recovery, and cloud native capabilities.
Snapshot
Raiz is able to handle the massive amount of daily transactions and large scale of customer data, and the good quality of service, while staying compliant with local regulations, thanks to Alibaba Cloud's robust offering in Indonesia.
Product/Solution Used
View More Solutions
Related Whitepaper
Success Stories with Alibaba Cloud CDN
Download this whitepaper to read about ten successful cases that adopted CDN and relevant products to empower their business.
Download Now
A Free Trial That Lets You Build Big!
Start building with 50+ products and up to 12 months usage for Elastic Compute Service
Get Started for Free Get Started for Free