Gojek acquires point-of-sale start-up Moka
30 April, 2020
Gojek has announced that it has acquired Indonesian payments start-up Moka to boost the digital procedures of micro, small and medium enterprises (MSMEs), especially during the pandemic.
Gojek co-CEO Andre Soelistyo said internet sites had better resilience than their offline counterparts during the COVID-19 pandemic as offline stores were highly reliant on the physical arrival of consumers.
“We want to help more offline businesses go online through this collaboration with Moka,” he explained in a written statement. “You want to help MSMEs to grow and become better equipped to face competition in the digital era.”
The offer, which had reportedly experienced discussions since this past year, was worth US$130 million, sources acquainted with the problem told Bloomberg.com. Gojek chief of corporate affairs Nila Marita declined to touch upon the worthiness of acquisition when contacted by The Jakarta Post.
Moka co-founder and CEO Haryanto Tanjo said that, through the acquisition, both companies could incorporate their services through the use of Moka’s point-of-sales system to accept food delivery orders from GoFood.
“Being a portion of Gojek’s ecosystem will give us usage of its user networks and hopefully help our users to become successful in both on the web and offline business - an essential survival and recovery feature in times of pandemic,” he said.
Moka will continue operating within Gojek’s ecosystem but will retain its independent entity. The start-up was established in 2014 and features 40,000 users in 200 cities across Indonesia. Its application offers programs which range from bookkeeping and inventory to sales analysis.
Source: www.thejakartapost.com