Did Indonesia’s KinerjaPay command a steep valuation in its $200m fundraising?

Photo: KinerjaPay

Did Indonesia’s US-listed digital payment and e-commerce platform KinerjaPay with a market capitalisation at around $8.42 million (as of January 08, 2019) command a lofty valuation – way higher than global players in a similar space – when it raised $200 million from local construction giant Investa Wahana Group?

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