Mitsui Enters Indonesia's Fintech Sector with Investment in LinkAja

By Editorial Team 28/03/2024
Link Aja
Summary

LinkAja announces it has secured a strategic investment from Mitsui & Co Ltd, a Japanese conglomerate. Mitsui becomes the third non-state-owned enterprise investor for LinkAja, following Grab and Gojek. With this corporate move, Mitsui aims to advance its presence in the digital financial landscape. Shinichi Kikuchihara, Managing Director of PT Mitsui Indonesia, asserts that this injection reaffirms the company's commitment to accelerating strategic collaborations between state-owned enterprises' ecosystems and Mitsui's diverse interests spanning technology, retail, and other sectors.

Shinichi highlights Mitsui's extensive business history in Indonesia dating back to 1901. He emphasizes Mitsui's operations in key sectors, such as infrastructure, energy, mobility, steel, food chemicals, retail, and information and communication technology (ICT). "As digitalization continues to unfold, we're further pivoting our focus towards the digital economic value, including digital finance. Mitsui and LinkAja stand poised to mutually contribute to advancing Indonesia's digital financial industry," he stated on Mar. 27.

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