Indonesia's Kresna Graha Investama to invest in Singapore's MatchMove Pay

Michael Steven. Photo: Kresna website

Indonesian asset management firm Kresna Graha Investama has announced an investment in Graha Kreasi Sejahtera (GKS), which owns a 15.5 per cent stake in Singapore-based fintech firm MatchMove Pay.

This is not Kresna’s first investment in the fintech company. In November 2017, Kresna and one of its portfolio companies, e-kiosk startup M Cash Integrasi, acquired 29.82 per cent stake (14.81 per cent each) in MatchMove’s Indonesia operations.

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