Gojek has launched GoSure, an online insurance product, in partnership with insurtech startup PasarPolis while Bareksa has kicked off a partnership with OVO for mutual funds payment.
Gojek launches online insurance feature GoSure
Gojek has launched an online insurance product in partnership with Indonesia-based insurtech firm PasarPolis.
The new feature, GoSure, offers products covering travel insurance, motor vehicles and mobile device protection. Gojek claims the products are accessible through a hassle-free application and claim process.
The partnership aims to boost the awareness and usage of insurance solutions in Indonesia. Gojek first launched GoSure’s beta version in October last year.
“One of Gojek’s long-term growth strategies from the beginning has been to build partnerships and services that will deliver greater value to consumers. We will continue to work closely with PasarPolis to develop more products that best meet their needs,” Gojek Head of Third Party Platform Sony Radhityo.
GoSure is launched through Gojek’s Third Party Platform (3PP), which provides users with access to an array of services from providers including digital donations, e-commerce, news, health and gaming.
In 2018, Indonesian unicorns Go-Jek, Traveloka and Tokopedia confirmed an undisclosed investment in Pasarpolis. The tree unicorns also act as strategic partners to the startup.
Bareksa, OVO team up for mutual funds payment
Online mutual funds marketplace Bareksa has kicked off a partnership with financial services provider OVO by allowing users to pay for their mutual funds’ transaction through the latter’s platform, the company announced on Wednesday.
“This is the first step in our grand plan to synergize the investment platform with a digital wallet, following our partnership with Tokopedia and Bukalapak. We have witnessed similar success stories in China where there is a synergy between e-commerce platforms (Alibaba), e-money (Alipay), and e-investment (Yu’e Bao),” Bareksa co-founder and chief executive Karaniya Dharmasaputra said.
By allowing users to pay through OVO, the company expects to double the number of transactions and funds under management this year compared to last year.
Customers registered on Bareksa platform has reached 800,000, with funds managed around Rp 2 trillion ($146.2 million).
Bareksa said the firm’s total funds that have been invested in Bareksa after obtaining OJK license in 2016 has reached around Rp 6 trillion ($438 million).
Bareksa manages 5,000-6,000 transactions every day on its platform, the company claimed.