Indonesia

Indonesian Wholesale Marketplace Ula Secures $10.5M In Seed Funding
Indonesian Wholesale Marketplace Ula Secures $10.5M In Seed Funding
June 10, 2020  |  Investments

Indonesian wholesale eCommerce market Ula has announced that it has secured $10.5 million in a new seed funding round, according to an e27 report. The...

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PayPal, Facebook Take Stakes In Gojek
PayPal, Facebook Take Stakes In Gojek
June 03, 2020  |  Investments

PayPal and Facebook are collaborating on a funding round by GoJek, the Indonesian digital payments company, to boost their profiles in Southeast Asia’s financial services...

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Indonesia’s Gojek Closes $130M Deal For POS Startup Moka
Indonesia’s Gojek Closes $130M Deal For POS Startup Moka
April 23, 2020  |  Partnerships / Acquisitions

On-demand ride-hailing startup Gojek – Indonesia’s most successful unicorn – has purchased the point-of-sale (POS) and payments aggregator Moka for about $130 million. The acquisition...

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Facebook, Indonesian Tech Firms Team On Mobile Pay Proposal
Facebook, Indonesian Tech Firms Team On Mobile Pay Proposal
April 20, 2020  |  Mobile Wallets

Indonesia could be the next country to accept mobile payments. Reuters reported three of the nation’s financial technology companies are collaborating with Facebook Inc. to...

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SoftBank Shareholders Push For Grab, Gojek Deal In Indonesia
SoftBank Shareholders Push For Grab, Gojek Deal In Indonesia
March 08, 2020  |  Partnerships / Acquisitions

Investors are asking SoftBank to help align Southeast Asia’s ride-hailing unicorns Grab and Gojek, The Financial Times reported, citing sources. In the past 18 months,...

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Owner ByteDance Aims To Grow Beyond TikTok Into eCommerce
Owner ByteDance Aims To Grow Beyond TikTok Into eCommerce
February 21, 2020  |  Retail

As it aims to contend with tech companies around the world and capitalize on the velocity of TikTok, ByteDance Inc. is reportedly aiming to grow...

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Indonesia’s Gojek Buys Minority Stake In Blue Bird Taxi App
Indonesia’s Gojek Buys Minority Stake In Blue Bird Taxi App
February 17, 2020  |  Partnerships / Acquisitions

Indonesian delivery app Gojek has finalized its $30 million deal for a minority stake in the app-based taxicab startup Blue Bird, Bloomberg reported on Monday (Feb....

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Alipay’s Indonesia Operations Delayed By Red Tape
Alipay’s Indonesia Operations Delayed By Red Tape
January 29, 2020  |  International

Indonesia’s central bank, Bank Indonesia (BI), has asked Chinese firm Alipay to review its payment services application. Officials in Indonesia’s House of Representatives confirmed the...

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SoftBank Could Invest $40B In New Indonesian Capital
SoftBank Could Invest $40B In New Indonesian Capital
January 17, 2020  |  Investments

While no figure has been suggested yet, SoftBank has reportedly offered to invest a maximum of $40 billion in a new capital city Indonesia intends to create...

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