Moka Remains an Open Platform Post Gojek Acquisition
It'll continue the strategic partnerships, including for payment service
After widely rumored for the past few months, today (30/4) Gojek officially announced its acquisition of Moka. This corporate action is the company's first step in combining services to provide integrated solutions for business partners (merchants), which include payment services, food delivery, and point-of-sale systems, therefore, to support the growth and digitalization of online and offline SMEs.
Moka will continue to operate as an independent entity post the acquisition, integrated with the Gojek merchant ecosystem. The ecosystem consists of GoBiz (the super app that houses GoFood), GoPay, and other services such as Midtrans and Spots. Spots is an mPOS product that is circulated for GoFood merchants, as a result of a combination of Nadipos and Kartuku which both were acquired by Gojek.
Moka told DailySocial that they will remain an open platform and are very open to continuing collaboration with all partners, either the current or in the future. Moka allows merchants to receive payments from digital wallets such as Gopay, Ovo, Dana, and others.
"We are very excited to be part of the Gojek ecosystem and accelerate our mission to help small businesses continue to grow. Gojek is the largest consumer application in Indonesia and this integration will create business networks to hundreds of millions Gojek users and get direct transactions from services like GoFood," Moka's Co-Founder & CEO, Haryanto Tanjo said.
Meanwhile, Gojek's Co-CEO Andre Soelistyo said, "We are always working to help more offline businesses to online businesses to participate in developing the digital economy and working with Moka and its network of businesspeople will help us to accelerate the realization of this mission."
Previously, the acquisition was reportedly agreed at US$ 130 million or equivalent to 2 trillion Rupiah. This corporate step is part of the planned expansion of Gojek products and services following the acquisition of Series F funding that has been raised since 2018.
To date, Moka has been used by 40 thousand businesses in 200 cities in Indonesia by providing POS equipment solutions, payment systems, bookkeeping, raw material procurement, and business capital lending. While Gojek, through the service of GoBiz, has embraced 500 thousand business partners, of which 96% are claimed by SMEs.
– Original article is in Indonesian, translated by Kristin Siagian