LinkAja connects to Grab in $100m round

Nov 10, 2020 • Robert Lavine

Grab led a series B round for the digital wallet provider that also featured Telkomsel and corporate venturing units BRI Ventures and Mandiri Capital.

Indonesia-based digital payment technology provider LinkAja has received about $100m in a series B round led by ride hailing service Grab, DealStreetAsia reported today, citing a company statement.

The round included telecommunications firm Telkomsel in addition to BRI Ventures and Mandiri Capital, corporate venturing vehicles for financial services firms Bank Rakyat Indonesia and Bank Mandiri.

LinkAja is the developer of a mobile wallet that enables users to store money, pay utility and insurance bills, donate to charities and apply for…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.

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