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Announced

Completed

Grab led a $100m Series B round in LinkAja.

Financials

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Transaction Value£76m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

FinTech

Acquisition

Cross Border

Friendly

Venture Capital

Single Bidder

Indonesia

interbank network

Private

Completed

Private Equity

Synopsis

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Grab, a Singaporean multinational ride-hailing company, led a $100m Series B round in LinkAja, an interbank network in Indonesia. The round was joined by domestic telco Telkomsel, and two venture capital firms BRI Ventures and Mandiri Capital. "We chose to invest in LinkAja because we believe that together, we can help accelerate our shared goal of improving financial inclusion in Indonesia," Neneng Goenadi, Grab Indonesia Managing Director.

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