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The fresh cash will be used to expand the company’s virtual banking service and financial technologies.

Head-on competition from a deep-pocketed rival could be a headache for the still loss-making startup.

With 14 unicorns in a region that has undergone fundamental digital transformation, will the magic carry on in the next decade?

Next year, the firm plans to expand its lending services in an effort to become a “super lending” platform.

After working in several US tech companies, Dian Rosanti is now helping develop Gojek’s ecosystem.

Indonesia will be a priority market for the fund.

The platform will feature 24 types of commonly used licenses and e-certificates.

It has started hotel booking service as well and is aiming 3,000 bookings a day by this year-end.

More EV companies are eyeing collaboration in the battery charging sector.

In September this year, PhonePe was valued at USD 7 billion by Morgan Stanley.