ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business deals

Thailand's biggest bank invests in ride-hailing unicorn Go-Jek

Siam Commercial Bank eyes fintech connection with fast-growing local app

Siam Commercial Bank will link its online banking services with Thai ride-hailing app GET. (Photo courtesy of Siam Commercial Bank)

BANGKOK -- Siam Commercial Bank, Thailand's largest lender by assets, said on July 11 it has taken a stake in leading Indonesian ride-hailing company Go-Jek and will work with the startup in mobile payments.

Both SCB and Go-Jek declined to provide details on the size of the investment, part of Go-Jek's series F funding round, which is said to be worth $3 billion.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more