Tag "GoTo"
GoTo and TikTok Set to Launch BNPL Offering
Indonesian technology conglomerate GoTo Group is preparing to launch a “buy now, pay later” (BNPL) service in partnership with TikTok, according to Tech in Asia. This development follows GoTo Financial, the group’s financial technology division, appointing David Chen as the
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David Chen Steps Down as Atome CEO, Joins GoTo as Head of Consumer Lending
David Chen, previously CEO of the Buy Now, Pay Later (BNPL) firm Atome, has stepped down to join Indonesia’s GoTo Financial as Head of Consumer Lending. According to Atome, Chen had significantly contributed to the firm’s growth into a leading
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GoTo Shoots Down Rumours of Merger Talks With Grab
Indonesia’s GoTo Group, a ride-hailing service in Southeast Asia, denied reports that it is discussing a merger with Grab Holdings, another major player in the region. This announcement comes after speculation that the two companies were considering a deal, potentially
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TikTok Acquires Controlling Stake in Tokopedia to Revive E-Commerce Ambitions
In a move to bolster its online shopping presence in Southeast Asia, TikTok has announced a major investment of US$1.5 billion to acquire a controlling stake in Tokopedia, the e-commerce marketplace of Indonesia’s PT GoTo Gojek Tokopedia Tbk. This strategic
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GoTo and Bank Jago Roll Out New Bank Account Offering in Indonesia
Indonesia’s GoTo Financial and Bank Jago, a Gojek-backed digital bank, have launched a new bank account offering that can be accessed directly through the GoPay and Gojek apps. Touted to be first of its kind in Indonesia, ‘GoPay Tabungan by
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Fintech Layoffs Rock Asia in 2023: Who’s Next?
The fintech industry in Asia has been experiencing a wave of layoffs in 2023 as several companies grapple with economic uncertainties, market downturns, and the need for cost-cutting measures. From Singapore to Hong Kong, prominent fintech players have been forced
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Patrick Walujo Steps up as President Director and CEO of GoTo
Andre Soelistyo has resigned from his position as the president director of Indonesian superapp and e-commerce platform provider GoTo. The move was approved by shareholders during GoTo’s annual general meeting this year. Soelistyo, moving into the role of Commissioner, will
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Coinbase and Google Cloud Partner to Boost Web3 Offerings, Enable Crypto Payments
Coinbase and Google Cloud have entered a partnership that will see the companies leveraging each other’s core strengths to serve the growing Web3 ecosystem. Coinbase will build their exchange and data platforms on Google Cloud, while Google Cloud will utilise
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Indonesia’s GoTo Set to Raise up to US$1.1 Billion With IPO
Indonesia’s GoTo Group announced its plan to carry out an initial public offering (IPO) on the Indonesia Stock Exchange (IDX). The IPO is expected to raise proceeds of at least IDR 15.2 trillion (US$1.1 billion) plus an additional IDR 2.3
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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
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