Indonesia-based B2B2C digital company Distribusi Voucher Nusantara (DIVA) has officially acquired a 30% stake in PT Alphanovation Digital Teknindo, the developer of Indonesian cloud-based point-of-sales (POS) platform Pawoon, as reported by local media outlet Investor Daily.
The acquisition plan has been heard since the end of last year, although it was officially realized yesterday (August 5). With this new investment, the two companies will expand their capabilities, especially in the field of tech development, product innovation, sales, and marketing.
DIVA is a digital business converter and accelerator that develops plug-and-play digital transaction platforms targeted at small and medium-sized enterprises (SMEs), empowering them to sell digital products while accepting different modes of payment.
These platforms are part of an integrated multi-payment device called DIVA Smart Outlet (OS) able to process cash and non-cash payments, and an integrated AI-powered messaging platform named DIVA Intelligent Instant Messaging (IIM), that runs on applications such as Telegram and WhatsApp.
In October 2018, the company went public, raising IDR 632 billion (USD 43 million) in an oversubscribed IPO round on the IDX.
Meanwhile, Pawoon is the pioneer POS platform in the country. Founded in 2013, Pawoon offers software and hardware solution to Indonesian small and medium enterprises, helping them to scale-up their businesses faster.
In its statement, Pawoon said to will further empower local SMEs through this strategic partnership. Currently, there are over 10,000 small businesses in 200 cities throughout Indonesia using Pawoon’s system, according to the report.