JAKARTA: Ride-hailing giant Grab announced that it led a US$100mil series B funding round for homegrown e-wallet LinkAja, making Grab a minority shareholder aside from launching its regional research and development (R&D) centre in Indonesia.
Grab Indonesia managing director Neneng Goenadi said in a statement that Grab had decided to fund LinkAja because the e-wallet had a hyperlocal knowledge base and nationwide distribution network reaching Indonesia’s tier two and three cities.
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