PayPal among investors backing Gojek

FinTech PayPal has joined up with Facebook-owned WhatsApp in backing the Indonesian payment, e-wallet, food, ride-hailing app Gojek, according to Reuters.

The tech giants didn’t not disclose the size of the investment. Gojek has said its existing investors Tencent Holdings and Alphabet also joined the latest fundraising round, which people with direct knowledge of the matter told Reuters valued the firm at $10bn.

Market head at PayPal International, Cameron McLean said that the deal will see PayPal’s payment capabilities be integrated into the Indonesian company’s services.

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