Successful closing of the first phase of LinkAja’s Series B round with an investment value of around US$100 Million, adding Grab as a strategic investor in LinkAja

Continuing our series of tech and M&A deals, we would like to congratulate LinkAja and Telkomsel for the successful closing of the first phase of LinkAja’s Series B round with an investment value of around USD100 million, adding Grab as a strategic investor in LinkAja.

The Series B fundraising and strategic collaboration with Grab will strengthen LinkAja’s position as a leading fintech company in Indonesia, which was just started a year ago from the combination of e-money and e-wallet products of several major Indonesian state-owned enterprises.

Led by Pramudya A. Oktavinanda and Andika Setia Budi, we acted as the legal counsel of Telkomsel for the drafting and negotiation of the investment transaction documents.

Being part of the historical establishment of LinkAja back in 2019, we are ecstatic and proud to see the immense growth of LinkAja in such a short period and we sincerely hope that LinkAja could realize its big goal in encouraging financial and economic inclusion to the Indonesian people as well as accelerating Indonesia’s national economic growth!

#WeGetThingsDone #WeMasterTheGame