KONTAN.CO.ID - SINGAPORE. Indonesian digital payments, ride-hailing and food delivery firm Gojek said on Friday in a statement it now holds a 22% stake in Indonesian Bank Jago as part of its push into fintech. Gojek, which was valued at $10 billion in its last funding round, said the strategic investment will enable access to digital banking services through its platform, including allowing users to open and manage Bank Jago accounts. According to an Indonesia stock exchange disclosure on Friday, Gojek's fintech arm GoPay purchased 1,956,600,000 additional shares in Bank Jago at a price of 1,150 rupiah ($0.082) per share, equivalent to a $160.4 million transaction.
The disclosure said the additional shares purchase gave GoPay an overall 22.16% stake in Bank Jago, up from 4.14% previously.