Emtek, Gree and Singapore Press Holdings look set to exit digital payment platform Kudo in an acquisition reportedly sized at more than $100m.
Transportation ordering platform Grab is set to acquire Indonesia-based online payment platform Kudo for more than $100m, giving exits to media firms Emtek, Singapore Press Holdings and Gree, Reuters reported yesterday.
Kudo has built an online platform that processes payments for its customers, allowing unbanked users to make or receive payments for goods such as tickets, food, consumer goods, mobile credit or insurance.
The deal will form part of the $700m that Singapore-headquartered Grab has earmarked for investment in Indonesia,…
