The deal for the Jakarta-based mobile point-of-sale (POS) market leader Moka, which would make Gojek to become a major player in Indonesia’s digital payments space, has been in the making since early 2019.
Indonesian ride-hailing giant Gojek completed the deal for Moka, announced in December, for $130 million a month ago, according to a report that cited people familiar with the deal.
This means the acquisition was made in the wake of the ride-hailing giant’s $1.2 billion Series F raise in mid-March, which brought the current round’s total rise to almost $3 billion.
Launched in 2011, Gojek has been expanding its platform to include a range of on-demand services and allow its customers to make online payments, and has been beefing up its coffers to take on regional rival Grab in ride-hailing, meal deliveries and payments.
Founded in 2014, Moka’s cloud-based POS system allows businesses to order stock, issue invoices, and accept payment from mobile wallets from iOS and Android devices.
It is the second POS SaaS platform that Gojek has acquired after Nadipos (now rebranded as Spots) in late 2018.