Search Results for:Aastha Maheshwari

Exclusive: Salim Group, MAP latest to eye digital payments in Indonesia

The two firms have applied to Bank Indonesia for an e-money licence.

Singapore’s on-demand staffing startup UShift to raise up to $5m by Q1

UShift plans to use the funds for expansion to four markets outside Singapore – Indonesia, Thailand, the Philippines and Malaysia.

Exclusive: Hong Kong-based fintech startup EMQ raises $6.5m Series A

With a footprint across Hong Kong, Taiwan, Indonesia, Vietnam and the Philippines, the company partners with financial institutions and other strategic partners in each country to enable and settle cross-border remittance via banks and various modes for top-up and last mile delivery.

Lippo Group’s Ovo enters co-branded partnership with GrabPay in Indonesia

Grab and Ovo have another common link: The Riady family. The Riady family, which owns the Lippo Group, has invested in Grab through Venturra.

Go-Jek acquires three fintech firms as battle for payments heats up

It acquired Kartuku, Midtrans and Mapan marking the largest exit in Indonesia’s nascent startup ecosystem so far.

Exclusive: Indonesia’s online retailer Bhinneka revises IPO plan, may go public in 2018

It had earlier announced plans to sell a 30% stake via IPO in 2020.

Indonesia: Food delivery startup Kulina to close second seed round of over $500k by Jan

Kulina was recently named among the four Southeast Asian startups selected for Google’s Launchpad Accelerator programme.

Exclusive: Go-Jek said to have picked up minority stake in Bangladesh ride app Pathao

Go-Jek is learnt to have invested around $2 million in Pathao’s Series A round.

Exclusive: Paytm-backed LogiNext partners IBM to streamline e-commerce supply chain

In September 2015, the company raised a sum of $10 million from early backer Paytm.

Exclusive: Go-Jek said to have acquired majority stake in payments firm Kartuku

The deal size is said to be upwards of $50 million.