Go-Jek has invested a reported $72m in Naspers-backed fintech developer Coins.ph, acquiring a majority stake in the process.

Ride hailing service provider Go-Jek has acquired a majority stake in Philippines-based blockchain technology developer Coins.ph, Tech in Asia reported today, citing an unnamed source. The companies had already announced that Go-Jek had made an investment, described as “a substantial acquisition of shares,” without giving details of the size of its financial commitment, though two…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.