Go-Jek snags investment from Thai bank

Ride-hailing giant Go-Jek has secured an investment from Siam Commercial Bank Pcl, the Thai lender that counts King Maha Vajiralongkorn as its biggest shareholder. It is unclear how much Thailand’s biggest bank is investing in Go-Jek, according to people familiar with the matter. Their partnership will help Indonesia’s most valuable technology startup bolster its financial services, while Siam Commercial is counting on online growth to help increase revenue.

July 12 2019, The Jakarta Post - Read 52 times

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