Tuesday
November 10
2020

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

Source: Tech in Asia (link opens in a new window)

Categories
Finance, Investing, Technology
Tags
cashless, digital payments, fintech, impact investing, MSMEs, technology