About OVO
OVO is a company based in Jakarta (Indonesia) founded in 2017 was acquired by Grab in October 2021. It operates as a FinTech, and Commission-Based. OVO has completed 1 acquisition, including Bareksa. OVO offers products and services including OVO Payment and OVO Points. OVO operates in a competitive market with competitors including MoneyGram, LinkAja, Flip, DANA and Ascend Money, among others.
- Headquarter Jakarta, Indonesia
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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- Legal Name Pt. Visionet Internasional
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Products & Services by OVO
OVO offers a comprehensive portfolio of products and services, including OVO Payment and OVO Points. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital payment solution for faster transactions at merchants.
Loyalty points collected and redeemed at partnered merchants.
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Funding Insights of OVO
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2019 | Amount | Series A - OVO | Valuation | Tokopedia |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OVO
OVO has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Grab and Tokopedia. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multi-category products are facilitated through an online marketplace platform.
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Ride-hailing and on-demand delivery services are aggregated via mobile app.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OVO
OVO has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bareksa. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online trading platform focused on mutual funds
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OVO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ovo Comparisons
Competitors of OVO
OVO operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MoneyGram, LinkAja, Flip, DANA and Ascend Money, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Cross-border payments are enabled via wallet solutions for consumers.
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| domain | founded_year | HQ Location |
Mobile payments are enabled via app for consumers in Indonesia.
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| domain | founded_year | HQ Location |
App-based wallet services are offered for consumers and businesses.
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| domain | founded_year | HQ Location |
Digital wallet
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| domain | founded_year | HQ Location |
Financial services platform for individuals
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Ovo
Frequently Asked Questions about OVO
When was OVO founded?
OVO was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is OVO located?
OVO is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Who is the current CEO of OVO?
Jaygan Fu Ponnudurai is the current CEO of OVO.
What does OVO do?
OVO is operated as a smart digital payment application in Indonesia, facilitating faster transactions and financial management for users. Points are accumulated through purchases at various partnered merchants in OVO Zones. Deals and promotions are offered through collaborations with merchants and reward programs. The platform is utilized across sectors like finance, entertainment, and holiday planning, ensuring ease of bill payments and transactions.
What products or services does OVO offer?
OVO offers OVO Payment and OVO Points.
How many acquisitions has OVO made?
OVO has made 1 acquisition, including Bareksa.
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