Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hattrick of deals to advance its mobile payment strategy.
Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums.
The company started out in 2015 offering a ride-hailing service for motorbike taxis, a medium of transport popular for getting around capital city Jakarta’s traffic-clogged streets, but it has since expanded to four-wheeled transportation, on-demand services and payments.
Go-Jek claims 900,000 drivers and 15 million weekly active users.
Outside of ride-sharing, it said its business covers 125,000 merchants with over 100 million transactions processed on its platform per month.
The company is close to raising upwards of $1.2 billion in new funding, which will include money from Chinese duo JD.com and Tencent.