Gojek invests in Bank Jago to accelerate financial inclusion in Indonesia
Summary
Gojek invested in Bank Jago to expand digital banking access in Indonesia. The partnership lets Gojek users open accounts and manage finances through the Gojek app, with Bank Jago providing the banking infrastructure. Gojek also wants this model to support future partnerships with other banks. The deal strengthens both companies’ push into embedded financial services and targets Indonesia’s large underbanked population.
Funding
Amount
$160.0M
Total raised
Date
December 18, 2020
Announcement date
Investors
Gojek
Lead investors
Company
https://www.jago.com/
Funded company
Classifications
industries
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applications
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AskAI Classifications
Labels
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