Facebook And PayPal Invest In Indonesian App Gojek
Facebook Inc. (FB) and PayPal Holdings (PYPL) are investing in Indonesian payment, food delivery and ride-hailing app operator Gojek. The size of the investment wasn’t disclosed.The investment is made as part of Gojek’s current fundraising round. Alphabet Inc’s Google (GOOGL) and Tencent are also among the list of investors.Since launching its app in 2015, Gojek has brought hundreds of thousands of merchants onto its platform, giving them access to more than 170 million people across Southeast Asia. Its payments business processes billions of transactions each year and owns the largest e-wallet in Indonesia.Facebook said Gojek is Indonesia’s first and fastest growing app for ordering food, shopping, commuting, and making digital payments across Southeast Asia. With this investment the social media operator seeks to “support the growth of millions of small businesses”.The investment is the first it has made in an Indonesia-based business as it wants to have a foothold in the country, including thr
Jun 3, 2020 ... Facebook Inc. (FB) and PayPal Holdings (PYPL) are investing in Indonesian payment, food delivery and ride-hailing app operator Gojek.