SINGAPORE (Reuters) – Facebook Inc (FB.O) messaging platform WhatsApp and PayPal Holdings Inc (PYPL.O) on Wednesday said they have invested in payment, food delivery and ride-hailing app operator Gojek as part of the Indonesian firm’s ongoing fundraising round.
FILE PHOTO: Commuters pass by a Gojek advertisement in Singapore, March 4, 2019. REUTERS/Edgar Su/File Photo
WhatsApp and PayPal did not disclose the size of the investment. A Gojek investor told Reuters the Facebook investment, the first for the firm in Southeast Asia, was “meaningful”.
According to a regulatory filing, Facebook now owns a 2.4 percent stake in Gojek’s GoPay fintech arm, while PayPal owns 0.6 percent of GoPay.
WhatsApp Chief Operations Officer Matt Idema said in a blog post his company would work with Gojek “to support the growth of millions of small businesses”.
The move is expected to help Facebook and WhatsApp, which have more than