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E-wallet LinkAja bags investment from Gojek
With the latest investment from Gojek, LinkAja has raised a total investment of more than US$100 million through its series B funding. The investment came after ride-hailing company Grab led a $100 million funding for LinkAja in November last year.
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Gojek announces partnership with rival e-wallet LinkAja as the former will integrate the latter into its platform by the end of this year. (Courtesy of /Go-Jek)
State-backed e-wallet LinkAja has secured an investment commitment from Indonesian ride-hailing decacorn Gojek.
With this latest investment, LinkAja has raised a total investment of more than US$100 million through its series B funding. The state-backed fintech start-up, legally PT Fintek Karya Nusantara (Finarya), did not disclose the exact amount of investment from Gojek.
LinkAja chief executive Haryati Lawidjaja said the company expected to expand its services to other verticals within Gojek’s platform, which currently uses LinkAja to pay for passenger transportation services and ticket reservations.
Gojek’s platform offers a range of other services including food delivery, logistics and bill payments.
“Through this strategic partnership, we hope we can have a bigger and broader impact on Indonesia’s economy,” Haryati was quoted in a news release as saying on Tuesday.
Gojek’s investment took place after rival ride-hailing decacorn Grab announced in November last year that it was investing in LinkAja. Singapore-based Grab is leading the Series B round alongside state-owned cellular operator Telkomsel and state-owned venture capital firms BRI Ventura Investama and Mandiri Capital Indonesia.
Read also: Grab leads $100m funding round for LinkAja, builds R&D center in Indonesia
