Ride-hailing unicorn Gojek is learnt to be spinning out its financial arm, Go-Finance, into an independent entity called Digital Katalis, or Dkatalis.
Dkatalis is currently understood to be in the process of hiring employees across the region and moving Go-Finance staff to the new entity.
The development was first reported by Tech in Asia.
In response to DealStreetAsia queries, Gojek said it did not comment on market speculation.
In a filing with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore, Dkatalis Private Limited describes itself as a technology platform for financial services.
The filing also shows one of its directors is Jerry Ng, likely to be the same person who, along with early Gojek investor and PE firm Northstar Group founder Patrick Walujo, is in the process of acquiring a 51 per cent stake in Bank Artos in Indonesia.
Speculation about Bank Artos’s relationship with Gojek has been rife since it announced the sale of a majority stake in August to Hong Kong-based Wealth Track Technology (WTT) and Jakarta-based IT service provider Metamorfosis Ekosistem Indonesia (MEI) for an undisclosed amount.
WTT is owned by Walujo while MEI was founded by Jerry Ng, a former chief executive at small lender Bank Tabungan Pensiunan Nasional (BTPN) who transformed the company into a tech-based bank.
On its Linkedin page, Dkatalis says the company is created by “visionaries who brought you the first banking reinvented in Indonesia,” a likely reference to BTPN and Ng. It also mentions that the company has the same vision as Gojek and is, therefore, collaborating with the unicorn.
For Gojek, a partnership with an existing bank would give it ready access to an OJK banking licence, which it needs in order to roll out digital banking services.
Dkatalis’s ACRA filing also states that its shareholders include Singapore-founded fintech firm Neuroncredit, private investment firm Freemantle Capital, Jetway Wealth Management Limited, investment fund Prometheus Investing Limited, and Aeroville United Inc.
Established in Singapore in 2015, Neuroncredit operates in Indonesia as Kredit Pintar and as Atome in the Philippines. Kredit Pintar, which has secured a licence from Indonesia’s Financial Services Authority (OJK) has previously said it plans to expand into three more countries in the near future.