OVO deep dive: Unicorn gears up for new era after pandemic boost

OVO deep dive: Unicorn gears up for new era after pandemic boost

Early backers of Indonesia's first digital wallet unicorn OVO have left the company as Southeast Asia ride-hailing and fintech takes over.

Fintech companies have been among the biggest beneficiaries of the accelerated adoption of digital services brought about by the COVID-19 pandemic. OVO, Indonesia’s first fintech unicorn, is no exception. It has seen a significant jump in new users and e-commerce transactions as well as the emergence of a new growth path going forward.

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