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E-wallets Funding Indonesia

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

Funding Indonesia Virtual Banking

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

Cloud Indonesia

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

Various

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,

Indonesia

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).

Indonesia

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

Financial Inclusion Indonesia Mobile Payments

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