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Jakarta Post

Gojek secures Facebook, PayPal investment

  • The Jakarta Post

Jakarta   /   Thu, June 4 2020   /  01:00 am
(From left to right) Gojek co-CEO Andre Soelistyo and Kevin Aluwi pose with co-founder and former CEO Nadiem Makarim, who has been appointed as new Education and Culture Minister, during the launch of Gojek's new logo.(JP/Dhoni Setiawan)

Technology giant Gojek has announced that American tech companies Facebook and PayPal have invested an undisclosed amount in its new round of funding, joining other high-profile global corporations such as Google and Tencent. The funds would be used to focus on increasing digital economic growth in Southeast Asia, especially payment and financial services inclusion for small and medium enterprises (SMEs), said the decacorn, which means the company is valued at more than US$10 billion. “The COVID-19 pandemic has taught us that a resilient economy requires support from reliable digital infrastructure,” said Gojek’s co-CEO Andre Soelistyo in a statement on Wednesday. “With this collaboration, we will continue to speed up digital economy inclusion, especially when the majority of SMEs in Southeast Asia still rely on cash transactions.” Gojek is the...