The Lippo and Grab-backed startup, last valued at about $2.9 billion, is riding Indonesia’s cashless payments wave to bring merchants and financial institutions timely consumer insights. Ovo’s CEO Jason Thompson sees a fresh fundraising drive next year to support growth.
Business-to-consumer ecosystems could turbo-charge the growth of insurance in Asia. Trouble is, partnerships often fizzle out due to insurers’ old-fashioned wiring and inflexible cultures. Time for a reboot.
Following a year of mega IPO flops, Chinese VC investment plummeted in the second quarter as private investors baulked at spiralling valuations. Staying private for longer will no longer be so easy for entrepreneurs.
Investment by Mitsubishi Motors, Mitsubishi Corp and Mitsubishi UFJ Lease & Finance includes partnership in mobility and consumer services. Gojek is targeting close to $2.5 billion from its Series F fundraiser.
PT Indo Premier Sekuritas recently won Indonesia’s BEST ECM Bank in FinanceAsia’s prestigious Country Awards 2019. The award highlights the firm’s exceptional drive and track record as a top-quality equity house in Indonesia.