Technology giant Gojek has announced that American tech companies Facebook and PayPal have invested an undisclosed amount in its new round of funding, joining other high-profile global corporations such as Google and Tencent.
The funds would be used to focus on increasing digital economic growth in Southeast Asia, especially payment and financial services inclusion for small and medium enterprises (SMEs), said the decacorn, which means the company is valued at more than US$10 billion.
“The COVID-19 pandemic has taught us that a resilient economy requires support from reliable digital infrastructure,” said Gojek’s co-CEO Andre Soelistyo in a statement on Wednesday. “With this collaboration, we will continue to speed up digital economy inclusion, especially when the majority of SMEs in Southeast Asia still rely on cash transactions.”
Gojek is the first Indonesian company to receive an investment from Facebook, with the social media company looking to create opportunities for businesses in Indonesia through its instant messaging service, WhatsApp.
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3 June 2020