Tag "GoJek"
Gojek Appoints Sumit Rathor as the General Manager for Vietnam
Southeast Asian ride-hailing company Gojek announced that it has appointed Sumit Rathor as the General Manager for Vietnam. Sumit will be succeeding Duc Phung who is the Co-founder and former General Manager of Gojek Vietnam since 2020. Phung will be
Read More
Is Islamic Fintech Catching On in Indonesia?
With a burgeoning population and a young, tech-savvy workforce, Indonesia is ripe for fintech growth. In recent years, the country has seen a boom in fintech startups, and the industry is now one of the most promising in the country.
Read More
Top 5 Most Popular Financial Super Apps in Asia
In Asia and elsewhere, financial super apps (also known as fintech super apps) are mobile applications that offer a wide range of financial services, including banking, investment, and insurance. These apps have gained popularity in recent years due to their
Read More
Abu Dhabi Fund Leads GoTo Group’s Pre-IPO Fundraise With US$400 Million
Indonesia’s GoTo Group announced that a subsidiary of the Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund owned by the Emirate of Abu Dhabi, will lead its pre-IPO fundraising with a US$400 million investment. The investment will be the
Read More
Ribbit Capital Snaps up a Minority Stake in Indonesian Digital Bank Jago
Venture capital firm Ribbit Capital has snapped up a minority stake in Bank Jago, a Gojek-backed digital bank. Ribbit Capital had previously invested in Tinkoff, Revolut, BharatPe, Robinhood, Affirm, Nubank, Coinbase and Credit Karma. Prior to this, ride hailing super app
Read More
GoTo Group Taps Google Cloud for Next Phase of Growth Following Recent Merger
GoTo Group, a merger between Gojek and Tokopedia that was formed earlier this year, is tapping Google Cloud as its principal technology partner to power its next phase of growth across Southeast Asia. The group said that it will leverage
Read More
The Alibaba of SEA? How GoTo Is Shaking Up Fintech in the Region
Has the Southeast Asian startup ecosystem ever witnessed a quarter more exciting than the current one? We entered the second quarter with Grab’s blockbuster SPAC listing. Valuing the super-app at US$40 billion and being the largest SPAC deal to date,
Read More
Gojek Makes Financial Push in Indonesia With 22% Stake Acquisition in Bank Jago
Gojek has acquired 22% of Indonesia’s Bank Jago as part of a strategic partnership to offer financial services in Indonesia. The investment, made through Gojek’s payments and financial services arm, will reportedly be worth 2.25 trillion Indonesian rupiah (US$159 million).
Read More
Facebook and Paypal Invests in Gojek to Join its Bid to Boost Digital Payments
Gojek announced today that Facebook and PayPal have joined Google, Tencent and others as investors in its current fundraise. This new investment will support Gojek’s mission to boost Southeast Asia’s digital economy, with a focus on supporting payments and financial
Read More
Grab Takes The Fight to Go-Jek’s Home Turf with US$ 2 Billion Investment
Grab announced today it will invest US$2 billion into Indonesia over a period of five years with the capital invested by SoftBank, to accelerate the development of the country’s digital infrastructure. The investment will go towards creating a next-generation transportation
Read More