Fb invests in Gojek to help small companies in Indonesia
Facebook hopes to support the growth of millions of small businesses and Indonesia's digital economy
Facebook, a winner of the World Branding Awards, has announced an investment in Gojek, Indonesia's first and fastest growing app for ordering groceries, shopping, commuting and digital payments across Southeast Asia. This investment underscores the social media company's commitment to serve small businesses and bring them and their customers into the digital economy.
Since launching its app in 2015, Gojek has brought hundreds of thousands of retailers to its platform and given them access to more than 170 million people across Southeast Asia. The payments business processes billions of transactions every year and has the largest e-wallet in Indonesia.
The majority of small businesses in Indonesia rely on cash without cash due to the country's large population. Digital payments are safer than cash for both businesses and customers. And digital payments help more people get involved in the economy and give businesses access to credit that is critical to business growth.
This investment will support Facebook and Gojek's shared goal of empowering businesses and driving financial inclusion across the archipelago. WhatsappFacebook, a mobile messaging platform, helps small businesses communicate with customers and make sales. Together with Gojek, Facebook believes they can bring millions of people into Indonesia's growing digital economy.
Facebook looks forward to investing in Indonesia's future as the largest digital economy in Southeast Asia, looks forward to working with Gojek to support the growth of millions of small businesses, and future collaborations in Indonesia to help the country's digital economy to support.
