Predict your next investment

Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Payments
ovo.id

See what CB Insights has to offer

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.

Ovo Headquarter Location

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

Jakarta, 12940,

Indonesia

1 500 696

Latest Ovo News

Energy firms ‘urge government to ditch green taxes this winter’

Oct 12, 2021

Image: graham parton / Shutterstock Several energy companies have reportedly asked the government to suspend green taxes that could increase energy bills this winter by an average of £150 a year. The measure, which is designed to fund the swift to low carbon heating alternatives, including heat pumps is believed to put more pressure on households that already face an increased price cap. Energy supplier E.on and renewable companies Bulb, Octopus and OVO have reportedly suggested the suspension of green taxes this year could be a short-term solution to soaring energy bills. A Bulb Energy spokesperson told ELN: “The focus right now must be to protect consumers from high wholesale gas prices over the winter. We could accelerate the transition from gas boilers to heat pumps by shifting environmental and policy costs from electricity bills to general taxation. “Right now, so many UK homes are leaking energy like holey buckets. More efficient homes will slash energy bills and reduce the UK’s reliance on expensive, polluting gas. We need grants and financing to help households cover the high upfront costs of things like home insulation or switching to a heat pump.” ELN has contacted BEIS, Octopus and Ovo for a response. However, BEIS confirmed that no decisions have been taken at that point. GMB Union described a proposed gas levy to fund low carbon heating as a ‘massive step in the wrong direction’. Andy Prendergast, GMB National Secretary, said: “At a time of rocketing gas prices, the last thing either the public or business need is extra taxes on what is an essential utility. “The decision to tax users ignores the necessity of gas for most homes, or its importance to industry. “Whilst investment in new low carbon heat sources is necessary, penalising as users alone is unfair and will add pressure to users already struggling with high bills.” Dr Benny Peiser , Director of the Global Warming Policy Forum, said: “The Energy Minister’s plan to heat households with massive new taxes on heating at a time of sky-high gas prices while millions of families are struggling to keep their homes warm is adding insult to injury.” If you enjoyed this story you can sign up to our weekly email for  Energy Live News  – and if you’re interested in hearing more about the journey to net zero by 2050, you can also sign up to the  future Net Zero  newsletter.

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

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 6 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

858 items

P

Payments

1,618 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

I

Indonesia Fintech Landscape

128 items

F

Fintech

19,054 items

Excludes US-based companies

F

Fintech 250 (2020)

250 items

250 of the top fintech companies transforming financial services

D

Digital Wallets & Mobile Payments In Asia

199 items

Ovo Patents

Ovo has filed 3 patents.

The 3 most popular patent topics include:

  • Cloud platforms
  • Compact cars
  • Sensors
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/30/2012

7/2/2019

Clitoris, Human sexuality, Sexual acts, Electrical connectors, Elasticity (physics)

Grant

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

4/30/2012

00/00/0000

00/00/0000

Grant Date

7/2/2019

00/00/0000

00/00/0000

Title

Subscribe to see more

Subscribe to see more

Related Topics

Clitoris, Human sexuality, Sexual acts, Electrical connectors, Elasticity (physics)

Subscribe to see more

Subscribe to see more

Status

Grant

Subscribe to see more

Subscribe to see more

Ovo Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Ovo Rank

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.