OVO Overview
- Year Founded
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2017

- Status
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Acquired/Merged
- Employees
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1,348

- Latest Deal Type
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M&A
- Latest Deal Amount
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$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(Operating Subsidiary)
Corporate Office
- South Quarter Tower B, Lantai 20
- RA Kartini Street, Plot 8, West Cilandak Subdistrict
- South Jakarta, Cilandak 12430
- Indonesia
Corporate Office
- South Quarter Tower B, Lantai 20
- RA Kartini Street, Plot 8, West Cilandak Subdistrict
- South Jakarta, Cilandak 12430
- Indonesia
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 |
OVO Comparisons
Industry
Financing
Details
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 |
OVO Signals
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 |
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 |
Affiliates
Subsidiaries (1)
Name | Industry | Location | Year Founded |
---|---|---|---|
OVO Financial | Jakarta, Indonesia | 2015 |
OVO FAQs
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When was OVO founded?
OVO was founded in 2017.
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Where is OVO headquartered?
OVO is headquartered in South Jakarta, Indonesia.
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What is the size of OVO?
OVO has 1,348 total employees.
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What industry is OVO in?
OVO’s primary industry is Financial Software.
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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.
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When was OVO acquired?
OVO was acquired on 08-Oct-2021.
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Who acquired OVO?
OVO was acquired by Grab.
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