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Founded Year

2017

Stage

Corporate Majority | Acquired

Total Raised

$116M

About Ovo

Ovo is a mobile payment application created by LippoX. Ovo provides secure financial transactions and rewards after every purchase. On October 4th, 2021, Grab acquired a majority stake in Ovo. The terms of the transaction were not disclosed.

Headquarters Location

Lippo Kuningan Lt.20 JI.HR. Rasuna Said Kav. B-12 Setiabudi

Jakarta, 12940,

Indonesia

1 500 696

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Expert Collections containing Ovo

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Ovo is included in 3 Expert Collections, including Payments.

P

Payments

3,020 items

Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.

F

Fintech

12,502 items

Excludes US-based companies

F

Fintech 100

250 items

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.

Ovo Patents

Ovo has filed 6 patents.

The 3 most popular patent topics include:

  • compact cars
  • sensors
  • agave
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/25/2020

4/18/2023

Engine technology, Molecular biology, Fluid dynamics, Engine components, Polymerase chain reaction

Grant

Application Date

11/25/2020

Grant Date

4/18/2023

Title

Related Topics

Engine technology, Molecular biology, Fluid dynamics, Engine components, Polymerase chain reaction

Status

Grant

Latest Ovo News

Eco-installations can boost value of your home by 15%

Feb 21, 2024

Eco-installations can boost value of your home by 15% A third of prospective buyers say they would be more likely to make an offer on a home with eco-minded installations such as solar panels, alongside triple-glazed windows and roof insulation 13:11, 21 FEB 2024 Please enter a valid emailSomething went wrong, please try again later. More Newsletters We use your sign-up to provide content in ways you’ve consented to and improve our understanding of you. This may include adverts from us and third parties based on our knowledge of you. More info Thank you for subscribing! Invalid emailSomething went wrong, please try again later. Sign Up × var brandingClass = useCustomForm ? '' : 'publication-theme-button' Two-thirds (66%) of those planning to buy a home in the next two years are specifically looking for houses with green installations that improve energy efficiency and reduce carbon emissions, according to new data from OVO . And data from Rightmove’s Greener Homes report shows that improving a property’s EPC rating from F to C could increase its overall value by 15%. According to OVO’s data, over a third (35%) of prospective buyers say they would be more likely to make an offer on a home with eco-minded installations such as solar panels, alongside triple-glazed windows (37%) and roof insulation (31%). One OVO customer, 63-year-old Robin Clapp, is saving over £120 a month on his driving and energy costs after installing solar panels and an EV charging point at his home in Wiltshire over a year ago. Thanks to these introductions plus a new boiler, he has now improved his home’s EPC rating by two bands - going from a D to B. And OVO’s Charge Anytime rate has reduced his travel expenses from £90 a month on diesel to £20 a month for his EV, with just a £3.60 fuel bill in December. Robin said: “We installed an EV charger and solar panels because, if it’s going to save me money and benefit the planet, I’ll do it. Between the savings on my EV charging bills, participating in DFS events and exporting energy back to the grid, I’m expecting to make almost £1,200 back on my solar investment this year. That’s an 11% return on my investment - better than any interest I’d make on a savings account! “I think all new builds should have green technology built into them from the get-go. When OVO installed my solar panels in October, I wasn’t sure what to expect but the process was completely seamless, they managed the whole process and I’m saving money even in winter.” OVO has launched 0% APR Solar financing option - offering 36 months interest-free to spread the cost of installation. Mat Moakes, Chief Commercial Officer at OVO said: “Thousands of customers like Robin are making the switch to green tech, and they’re reducing their bills, cutting carbon and adding value to their properties in the process. I haven’t looked back since getting solar panels installed, and offering customers 0% finance for solar panels was a no-brainer for us because we want to improve access to green tech for as many people as possible.” Story Saved You can find this story in   My Bookmarks. Or by navigating to the user icon in the top right. Follow Wales Online Most Recent Most Recent

Ovo Frequently Asked Questions (FAQ)

  • When was Ovo founded?

    Ovo was founded in 2017.

  • Where is Ovo's headquarters?

    Ovo's headquarters is located at Lippo Kuningan Lt.20, Jakarta.

  • What is Ovo's latest funding round?

    Ovo's latest funding round is Corporate Majority.

  • How much did Ovo raise?

    Ovo raised a total of $116M.

  • Who are the investors of Ovo?

    Investors of Ovo include Grab, Tokopedia and Tokyo Century Corporation.

  • Who are Ovo's competitors?

    Competitors of Ovo include DANA.

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Compare Ovo to Competitors

D
DANA

DANA provides a digital wallet to deliver the convenience of carrying out transactions with the tap of a finger. The platform allows users to transact with ease, send money, buy pulsa, pay bills, and make e-commerce purchases. DANA was founded in 2017 and is based in Jakarta, Indonesia.

G
GoTo

GoTo (JK: GOTO) operates in the on-demand, e-commerce, and financial services sectors. The company offers a wide range of goods and services through a comprehensive merchant and partner network and also promotes financial inclusion through its payments and financial services. Its primary market is the e-commerce industry. It was founded in 2021 and is based in Jakarta, Indonesia.

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