Indonesia: Ride-hailing Giant Gojek Acquires POS Tech Firm Moka

Indonesia-headquartered ride-hailing giant Gojek has acquired Moka, a mobile Point of Sale (POS) technology company, for an undisclosed amount.

The move will help Gojek accelerate the digitisation of small businesses in the country, enabling more merchants to migrate online and improve operations during the Covid-19 crisis and beyond, according to a statement.

“The two companies will integrate their services in a bid to provide merchant partners with a seamless solution, consisting of payments, food delivery, growth tools, and POS systems, to empower more micro, small and medium enterprises (MSMEs) in Indonesia to digitize and grow, both online and offline,” Gojek said.

After the acquisition, Moka will continue to operate as a distinct brand and provide over 40,000 businesses across 200 cities in Indonesia with a solution that consists of POS tools, payments, accounting, ingredient procurement, and business loans.

Moka was founded in 2014 by Haryanto Tanjo and Grady Laksmono. The company provides products encompassing Moka Pay, Moka Fresh, Moka Capital, and Moka Connect to complement its POS services designed for MSMEs and large enterprise users.

Moka will integrate seamlessly into the Gojek merchant ecosystem, which includes GoBiz, Gojek’s merchant super app, which hosts GoFood, GoPay and other services; Midtrans, Indonesia’s largest online payment gateway; as well as offline payment gateway and POS provider, Spots.

“Gojek’s existing suite of merchant solutions will also make it easier for our merchants to run successful businesses both online and offline – a strategy that will be crucial for small businesses to stay resilient during the current pandemic as well as recover with strength once the crisis is over,” said Haryanto Tanjo, Moka CEO and co-Founder.

Gojek co-CEO Andre Soelistyo said online businesses have greater resilience against the impact of Covid-19 compared to offline businesses that depend on foot traffic.

“We have always aimed to bring more offline businesses online to grow the digital economy, and working with Moka and its merchant network will help us to accelerate this mission,” Soelistyo said.