OVO Overview

  • Year Founded
  • 2017

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 1,348

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $750M

OVO General Information

Description

Developer of a financial services platform designed to make financial transactions more convenient and enjoyable. The company's application offers access to secure payments, transfers, cash-in/out, rewards, asset management services and investments, thereby enabling users to easily transact while collecting reward points.

Contact Information

Website
www.ovo.id
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • South Quarter Tower B, Lantai 20
  • RA Kartini Street, Plot 8, West Cilandak Subdistrict
  • South Jakarta, Cilandak 12430
  • Indonesia
Primary Industry
Financial Software
Parent Company
Vertical(s)
Corporate Office
  • South Quarter Tower B, Lantai 20
  • RA Kartini Street, Plot 8, West Cilandak Subdistrict
  • South Jakarta, Cilandak 12430
  • Indonesia

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OVO Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Merger/Acquisition 08-Oct-2021 $750M Completed Generating Revenue
5. Early Stage VC 01-Jan-2021 Completed Generating Revenue
4. Early Stage VC 01-Apr-2020 Completed Generating Revenue
3. Corporate 14-Mar-2019 Completed Generating Revenue
2. Corporate 14-Nov-2018 Completed Generating Revenue
1. Secondary Transaction - Private 01-Jan-2017 $120M Completed Generating Revenue
To view OVO’s complete valuation and funding history, request access »

OVO Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a financial services platform designed to make financial transactions more convenient and enjoyable. The co
Financial Software
South Jakarta, Indonesia
1,348 As of 2020

San Jose, CA
 

Jakarta, Indonesia
 
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OVO Competitors (52)

One of OVO’s 52 competitors is Citcon, a Venture Capital-Backed company based in San Jose, CA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Citcon Venture Capital-Backed San Jose, CA
Doku Private Equity-Backed Jakarta, Indonesia
Payguru Private Equity-Backed Istanbul, Turkey
Dana (Financial Software) Corporate Backed or Acquired Jakarta, Indonesia
Fidelity Payment Services Private Equity-Backed Brooklyn, NY
You’re viewing 5 of 52 competitors. Get the full list »

OVO Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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OVO Former Investors (7)

Investor Name Investor Type Holding Investor Since Participating Rounds
Abhimata Anugrah Abadi Corporation Minority
Cakra Ventures Venture Capital Minority
IDE Technology Indonesia Corporation Minority
Lippo Karawaci Real Estate Majority
Tokopedia Corporation Minority
You’re viewing 5 of 7 investors. Get the full list »

OVO Investments & Acquisitions (5)

OVO’s most recent deal was a Joint Venture with BCP-ZA Tech (OVO / ZA Tech). The deal was made on 22-Dec-2020.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
BCP-ZA Tech (OVO / ZA Tech) 22-Dec-2020 Joint Venture Automation/Workflow Software
StickEarn 15-Dec-2019 Early Stage VC Media and Information Services (B2B)
Bareksa 01-Dec-2019 Later Stage VC Financial Software
Bareksa 19-Mar-2019 Merger/Acquisition Financial Software
OVO Financial 01-Feb-2019 Merger/Acquisition Financial Software
To view OVO’s complete investments and acquisitions history, request access »

Affiliates

Subsidiaries (1)

Name Industry Location Year Founded
OVO Financial Jakarta, Indonesia 2015

OVO FAQs

  • When was OVO founded?

    OVO was founded in 2017.

  • Where is OVO headquartered?

    OVO is headquartered in South Jakarta, Indonesia.

  • What is the size of OVO?

    OVO has 1,348 total employees.

  • What industry is OVO in?

    OVO’s primary industry is Financial Software.

  • Is OVO a private or public company?

    OVO is a Private company.

  • What is the current valuation of OVO?

    The current valuation of OVO is .

  • What is OVO’s current revenue?

    The current revenue for OVO is .

  • Who are OVO’s investors?

    Abhimata Anugrah Abadi, Cakra Ventures, IDE Technology Indonesia, Lippo Karawaci, and Tokopedia are 5 of 7 investors who have invested in OVO.

  • Who are OVO’s competitors?

    Citcon, Doku, Payguru, Dana (Financial Software), and Fidelity Payment Services are some of the 52 competitors of OVO.

  • When was OVO acquired?

    OVO was acquired on 08-Oct-2021.

  • Who acquired OVO?

    OVO was acquired by Grab.

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