Indonesian digital wallet LinkAja has raised funds from Japanese trading and investment company Mitsui & Co Ltd, the companies said on Wednesday.
The announcement confirms a DealStreetAsia report in June last year that said LinkAja is raising a fresh funding round with participation from a new global investor and existing backers.
While the companies did not disclose the size of the transaction, a source told DealStreetAsia that Mitsui will pump in 45 billion rupiah ($2.8 million) in the funding round. LinkAja denied the figure when contacted by DealStreetAsia.
The source added that more capital is expected to come from existing investors. LinkAja is backed by a consortium of 10 state-owned enterprises, which include telecom firm Telkomsel, energy giant Pertamina, and three state-owned banks, besides superapps Grab and Gojek.