Grab Leads Series B Round of up To $100 Million in Indonesian Fintech Linkaja
By Doris Yu
Indonesia’s fintech app LinkAja announced that it has raised up to US$100 million in a series B round led by Southeast Asian super app Grab.
Telkomsel, BRI Ventura, and Mandiri Capital Indonesia also participated in the round.
Commencing its commercial operations in June last year, LinkAja provides e-payment services to the middle-class segment and to micro, small, and medium enterprises (MSMEs) in Indonesia.
It currently has more than 58 million registered users, with over 80% of them coming from Indonesia’s Tier 2 and Tier 3 cities, according to a statement.
Photo courtesy of Megapixl.