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Gojek launches online investment platform GoInvestasi

Gojek GoInvestasi
Gojek has launched GoInvestasi in partnership with fintech firm Pluang

Indonesia-based on-demand multiple service platform Gojek has launched its online investment platform GoInvestasi, with a particular focus on gold, the local media reported.

Gojek is launching GoInvestasi in partnership with local fintech firm Pluang, which offers digital gold investment.

Gojek is also an investor in Pluang. Last year, the Jakarta-based company invested around $3 million in Pluang through its investment unit, Go-Ventures.

GoInvestasi allows users to buy and sell gold easily by completing a few simple steps, Gojek said on its website.

Last month, Gojek purchased the point-of-sale (POS) and payments aggregator Moka in a deal which is estimated to be worth $130 million. The acquisition will help Gojek establish itself as a major player in Indonesia’s digital payments space.

Moka provides POS and payment services in over 35,000 restaurants, coffee shops, and retailers in more than 100 Indonesian cities.

During the same period, Gojek has also raised around $1 million from several investors for its super app expansion plans.

In the month of March, Gojek secured around $1.2 billion in a fresh funding round to help compete with Singaporean rival Grab.

Co-chief executives Andre Soelistyo and Kevin Aluwi said in an internal document cited by the report, “We’re not stopping there as we are still seeing strong demand among the investment community to partner with us. There are a number of exciting ongoing conversations that we will be able to update you on very soon.”

Gojek’s initial target was to raise around $2.5 billion in its Series F funding round. Last year, Gojek raised around $1 billion from investors such as Google, JD.com, and Tencent.

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