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

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

Go-Pay. Photo: GOJEK website

Indonesian consumer and ride-hailing giant Go-Jek is learnt to have acquired a majority stake in payment service provider Kartuku, three sources aware of the development told DEALSTREETASIA.

Go-Jek and Kartuku are understood to have closed the deal two months ago with the deal size estimated to be upwards of $50 million. The deal was a mix of cash and equity, one of the three sources quoted above added.

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