Menu
KrASIA
News

IDX-listed tech company DIVA acquires 30% stake in Indonesian POS platform Pawoon

Written by Khamila Mulia Published on 

Share
The two companies will integrate their systems to reach more SMEs in Indonesia.

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.

Share

You might like these

  • News

    Disney+ Hotstar pulls in 2.5 million subscribers in Indonesia, surpassing Netflix

    By 

    Tech in Asia

    22 Jan 2021    12:00 PM

KrASIA InsightsKrASIA Insights

  • A growing presence of digital banks in Indonesia will encourage innovation and digitalization of financial services, expert say.

    Insights

    Digital banking to gain a foothold in Indonesia in 2021

    By Khamila Mulia

    20 Jan 202101:05 AM

Most PopularMost Popular

See All