Indonesia

Southeast Asian Ride-Hailing Giant Grab Investing $2B In Indonesia
Southeast Asian Ride-Hailing Giant Grab Investing $2B In Indonesia
July 29, 2019  |  Ridesharing

Japanese investor SoftBank will invest $2 billion over five years in the Southeast Asian ride-hailing firm Grab. A next-generation transportation network is planned, along with...

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Marketing Startup Pomona Raises $3M To Expand Data For Brands
Marketing Startup Pomona Raises $3M To Expand Data For Brands
July 24, 2019  |  Investments

An Indonesian startup that provides consumer brands with omnichannel marketing and sales products, including cash-back rewards, has raised $3 million in a Series A-2 funding...

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Visa Backs GO-JEK For Cashless Payments In Southeast Asia
Visa Backs GO-JEK For Cashless Payments In Southeast Asia
July 17, 2019  |  Investments

As Go-Jek continues its ongoing Series F fundraising, Visa has jumped onboard as both investor and collaborator. The two companies are working together to offer...

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Indonesian E-Wallet LinkAja Debuts In Jakarta
Indonesian E-Wallet LinkAja Debuts In Jakarta
July 01, 2019  |  Digital Payments

A state-owned e-wallet platform called LinkAja was launched on Sunday (June 30) in Jakarta, Indonesia, according to reports. The service was supposed to launch in...

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KoinWorks Closes $12M In Series B Funding Round
KoinWorks Closes $12M In Series B Funding Round
June 26, 2019  |  Investments

KoinWorks announced that it has raised $12 million in a Series B funding round. The round was co-led by EV Growth and Quona Capital, with...

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Indonesia Rolls Out Standard QR Payment Codes; UAE Sees Rise In Outbound Remittances
Indonesia Rolls Out Standard QR Payment Codes; UAE Sees Rise In Outbound Remittances
May 30, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Western Union‘s rollout of an international money transfer service...

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Grab Gearing Up To Raise $2B More This Year
Grab Gearing Up To Raise $2B More This Year
April 08, 2019  |  Investments

Grab, the Southeast Asia ride-hailing company, is gearing up to raise an additional $2 billion in funding during 2019 to bankroll its expansion. Reuters, citing...

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Go-Pay Wants To Strengthen Its Position In Indonesia Payments Market
Go-Pay Wants To Strengthen Its Position In Indonesia Payments Market
March 21, 2019  |  Payment Methods

Go-Pay, the digital payment unit of Southeast Asian ride-hailing company Go-Jek, plans to strengthen its position in the digital payments market as growth in Indonesia...

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In UK, FinTech Fundraising Gathers Steam
In UK, FinTech Fundraising Gathers Steam
February 19, 2019  |  Fintech Investments

Brexit may dominate the headlines when it comes to the United Kingdom, but FinTech funding proceeds apace, and financial backers show a continued sanguine attitude...

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