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Visa invests in Indonesian ride-hailing firm Go-Jek


Reuters


July 17 (Reuters) - Visa Inc said on Wednesday it has invested in Indonesia's Go-Jek as part of the ride-hailing company's ongoing Series F fundraising round.

The two companies will work together to provide more options for cashless payments for consumers across Indonesia and Southeast Asia, the U.S. payment processor said.

Visa did not mention how much money it was investing in Go-Jek or how big a stake it would acquire.

The Indonesian company raised about $1 billion earlier this year and is valued at up to $10 billion, according to sources.






This article appears in: World Markets , Stocks
Referenced Symbols: V



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