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Dailysocial.id is a news portal for startup and technology innovation. You can be a part of DailySocial.id`s startup community and innovation members, download our tech research and statistic reports, and engage with our innovation community. Share this article A technology startup for traditional retail digitization, Ula comes up with $20 million (over 282 billion Rupiah) Series A funding led by Quona Capital and B Capital Group. Participated also Sequoia Capital India and Lightspeed India as the previous investors. The company aims to expand its team and location through this funding, th...

Gojek picks up additional stake in Bank Jago, opens door to digital banking for customers Photo by Afif Kusuma on Unsplash Premium Editor’s note: This story has been updated with details of Bank Jago’s stock exchange filing. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER stories_left_placeholder You have one free story left this month. ...

Indonesian ride-hailing giant Gojek announced on Friday that it had increased its stake in publicly listed Bank Jago as part of its long-term investment plan and strategic partnership to strengthen its financial services. The tech company bought a total of 1.96 billion of Bank Jago’s shares, or equal to an 18.02 percent stake in the bank, through PT Dompet Karya Anak Bangsa, which operates payment service GoPay, at a price of Rp 1,150 (8 US cents) at the negotiated market. This means Gojek spent about Rp 2.25 trillion for the shares acquisition and increased its ownership in the bank to 22....