Visa invests undisclosed amount in Indonesia’s Go-Jek


American card payment card giant, Visa Inc. said it will be investing in Go-Jek.

Go-Jek is an Indonesian ride-hailing startup that is known for its motorcycle services.

Visa said in a statement that the undisclosed fresh round is part of the Series F fundraising round for Go-Jek.

Last week, we reported that Siam Commercial Bank Pcl invested an undisclosed amount in Go-Jek to enable the startup offer financing services to its riders and customers.

The company has so far raised about $1 billion this year and it is valued at $10 billion.