Indonesia based state-owned payments company raised $100m in Series B funding led by Grab.
"Cash is still king in Indonesia, and there are millions of Indonesians who remain invisible to traditional banking systems," says Neneng Goenadi, managing director of Grab Indonesia. "We chose to invest in LinkAja because we believe that together we can help accelerate our shared goal of improving financial inclusion in Indonesia. The strategic collaboration between LinkAja and our ecosystem which includes partners like OVO and Tokopedia will allow us to bring cashless services to all Indonesians in a way that is trusted, convenient and accessible.”
https://www.finextra.com/newsarticle/36910/grab-leads-100-million-round-in-linkaja