SoftBank, Bank Mandiri and Sinar Mas could exit payment software provider Moka in a $100m cash-and-share acquisition by Go-Jek.
Ride hailing service Go-Jek is close to purchasing Indonesia-based payment software supplier Moka for more than $100m, which would allow corporates SoftBank, Bank Mandiri and Sinar Mas to exit, KrAsia reported yesterday.
Moka and Go-Jek did not confirm the negotiations but KrAsia cited unnamed industry sources and suggested any deal would comprise both equity and cash.
Founded in 2014, Moka supplies software tools to merchants that can be installed on smartphones or tablets to process customer payments, order stock and…
