Facebook, PayPal back Gojek to boost digital payments in Asia

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Indonesian ride-hailing giant Gojek today announced that it has raised an undisclosed amount of funding from Facebook and PayPal as well as existing backers Google and Tencent. According to the company, this latest investment is part of its ongoing series F round and brings its total funds raised to over US$3 billion. In March, the firm was said to have secured US$1.2 billion in new funding after raising US$1 billion in the first close of its series F round last year. Photo credit: Tech in Asia Indonesia The new funds will go toward developing the digital economy in Southeast Asia,...