‘Superapp’ refers to a closed digital ecosystem with many applications that users use daily. In Indonesia, the superapps are no longer limited to Gojek and Grab; Bukalapak, Shopee and Koinworks have also been developing a variety of services to become
Investors expect existing healthcare startups, fintech and e-commerce platforms to consolidate via mergers and acquisitions in 2021. Meanwhile, unicorns such as Gojek, Tokopedia, Traveloka and Bukalapak have announced their readiness for IPOs. The fintech sector is primed for consolidation partly
During this raise, Gojek will become one of LinkAja’s series B preferred shareholders, with total fund commitments of >US$ 100 million. Gojek Co-CEO, Andre Soelistyo, mentioned that the investment adds payment options to its platform in addition to GoPay, which
Indonesia continues to strengthen its bilateral relations with the UK through the UK-Indonesia Tech Hub program launched in September 2019. It aims to promote tech startups that address a number of global issues, including climate change and cybersecurity, given the
Predicted to occur this month, Gojek and Tokopedia’s likely merger is expected to fetch a valuation of IDR ~559 trillion (US$ ~40 billion). According to Bloomberg sources, the two companies are discussing merger scenarios, with various closing timelines and IPO
Bank of Indonesia (BI) and Financial Services Authority (OJK) provide a regulatory sandbox for fintech startups. This is an incubation period to test the reliability of business innovations and to co-design regulation with plans to extend to health and ecommerce
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