Visa invests undisclosed amount in Go-Jeks Series F funding round

Thursday 18 July 2019 00:06 CET | News

Visa has announced it has invested in ride-hailing player Go-Jek as part of its Series F funding round to support Go-Jek’s payments services across Southeast Asia.

The investment amount and the funds raised to date in the Series F round were not disclosed. Through the collaboration, Go-Jek and Visa will also partner up on innovative payment solutions to serve customers in the unbanked population.

The announcement comes after Go-Jek said it secured an investment from Mitsubishi Motors Corporation and Mitsubishi Corporation, and another one from Mitsubishi UFJ Lease & Finance, as part of its ongoing Series F funding round. Both amounts were undisclosed.

The new investment will allow Mitsubishi to tap Go-Jek’s expertise and presence in the mobility and consumer services market in the region. Mitsubishi Corporation is an existing Go-Jek investor, having participated in the first phase of its Series F round, which raised over USD 1 billion when it closed.

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Keywords: Visa, ride-hailing, Go-Jek, funding round, payments services, Southeast Asia
Countries: World