Facebook And PayPal Invest In Indonesian Super App Gojek

Joining Google and Tencent, social media giant Facebook and online payment company PayPal have invested in Gojek, 5 years old Indonesian startup. ‘’The investment will boost Southeast Asia’s digital economy and accelerate digital payments adoption among small businesses.’, Gojek said. 

Gojek, an Indonesian super app providing more than 170 million users in Southeast Asia with transport, food delivery, online payment, logistic and many other services, just announced that Facebook and PayPal have joined Google, Chinese tech giant Tencent and the other investors in startup’s fundraise.

Companies didn’t share any financial information about the investments. However, according to Reuters, Facebook now has a 2.4 stake and PayPal owns a 0.6 stake in Gojek’s payment system ‘’GoPay’’.

Matt Idema, Chief Operations Officer at WhatsApp, said that Gojek would work with Facebook’s messaging app WhatsApp in order to support small businesses. And PayPal said its payment capabilities would be integrated into Gojek’s services. 

This is great validation that the world’s most innovative tech companies recognise the positive impact Gojek is making in Indonesia and the whole of Southeast Asia. By working together, we have the opportunity to achieve something truly unique as we aim to help more businesses to digitise and ensure that many millions more consumers are enjoying the benefits that the digital economy can bring.

Andre Soelistyo, Co-CEO of Gojek
Source: Gojek Blog

Written by Sophie Blake

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