Indonesia's OVO said to be in talks to buy fintech startup Glotech Prima Vista

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Indonesian mobile payment startup OVO is said to be in talks to acquire a third local fintech startup in a deal expected to be worth around $30-$40 million, according to a source familiar with the matter.

Consumer lending startup Glotech Prima Vista is set to be the latest target company for OVO, which has been on an acquisition spree. OVO has reportedly acquired P2P company Taralite and is said to be in the process of completing a deal with mutual fund platform Bareksa, as first reported by DEALSTREETASIA.

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