Ginting & Reksodiputro in association with Allen & Overy advises Gojek on its current fundraising
12 June 2020
Ginting & Reksodiputro (G&R) in association with Allen & Overy has advised Gojek on its fundraising with investors including Facebook, PayPal, Google, Tencent and others. G&R’s role focused on structuring the investments and providing regulatory analysis on various Indonesia law aspects.
This latest investment will support Gojek’s mission to boost Southeast Asia’s digital economy, with a focus on supporting payments and financial services in the region. As Facebook’s first investment in Indonesia, this will strengthen WhatsApp’s presence in Indonesia, where it has more than 100 million users. As part of the commercial agreement, PayPal’s payment capabilities will be integrated into Gojek’s services and the two companies will also collaborate to allow customers of GoPay to gain access to PayPal’s network of more than 25 million merchants around the world.
The deal team was led by partner Sugianto Osman with support from counsel Dion Alfadya and associates Alamanda Daud, Bagus Wicaksono Ruswandi and Bunga Cesaria.