When was OVO founded?

OVO was founded in 2017 and raised its 1st funding round 2 years after it was founded.

Where is OVO located?

OVO is headquartered in Jakarta, Indonesia.

How many employees does OVO have?

As of Oct 31, 2026, the latest employee count at OVO is 1088.

Is OVO a funded company?

OVO is a funded company, having raised an undisclosed amount in its 1st and only funding round, a Series A round on Mar 14, 2019.

When was the latest funding round of OVO?

OVO's latest funding was a Series A round on Mar 14, 2019, with participation from 1 investor.

Is OVO a Loyalty Software company?

The primary sectors of OVO are Loyalty Software and Payments.

Where does OVO rank among its competitors?

OVO ranks 5th amongst 54 active competitors, of which 5 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Ascend Money, which secured $195M in Jun, 2024.

Who are the top competitors of OVO?

OVO's top competitors include Grab, BigPay and DANA. Among them, Ascend Money secured the most recent funding round in June, 2024.

OVO - 2026 Company Profile, Team, Funding & Competitors

OVO is an acquired company based in Jakarta (Indonesia), founded in 2017. It operates as a Mobile based payment applications for consumers and merchants. OVO has raised an undisclosed amount in funding from Tokopedia. The company has 54 active competitors, including 5 funded and 5 that have exited. Its top competitors include companies like Grab, BigPay and DANA.

Sectors and market segments that OVO operate in

OVO serves in the FinTech market segments.The primary business model of OVO is:

FinTech > Payments > ***** **** > ***** ******

Company Details

Mobile based payment applications for consumers and merchants. It allows users to access payments, transfers, cash in or out, rewards, asset management, and investments. It enables users to make transactions, earn and collect points from various merchants. It also allows users to top up cash via ATM, internet banking, debit card, and through selected merchants.

Website: www.ovo.id
Social
Email ID: *****@ovo.id
Phone Number: +62 **********

Key Metrics

Founded Year

2017

Location

Jakarta, Indonesia

Stage

Acquired

Latest Funding Round

Series A, Mar 14, 2019, Undisclosed

Investors

Tokopedia & 2 more

Ranked

5^th among 54 active competitors

Employee Count

1,088 as on Oct 31, 2026

Investment & Acquisitions

Stickearn & 2 more

Similar Companies

Grab & 2111 more

Exit Details

Acquired by Grab (Oct 07, 2021)

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OVO got acquired by Grab on Oct 07, 2021.

Click here to take a look at OVO's acquisition in detail

OVO has raised funding over 1 round. Its latest funding round was a Series A round on Mar 14, 2019 for an undisclosed amount. 1 investor participated in its latest round. OVO has 3 institutional investors.

Here is the list of recent funding rounds of OVO:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 14, 2019	Undisclosed	Series A	-	-	Tokopedia	-

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OVO's employee count trend

OVO has 1,088 employees as of Oct 26. Here is OVO's employee count trend over the years:

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Top competitors of OVO include Grab, BigPay and DANA. Here is the list of Top 10 competitors of OVO, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Grab 2012, Singapore (Singapore), Public	Operator of a platform providing ride-hailing, food delivery, and payment services	$10.4B	DiDi, SoftBank Group & 107 others	88/100
2nd	BigPay 2017, Kuala Lumpur (Malaysia), Series A	Provider of digital wallet services for payments, transfers, and budgeting	$100M	SK, RedBeat Ventures	65/100
3rd	DANA 2017, Jakarta (Indonesia), Acquired	Digital wallet	$250M	Sinar Mas, Lazada & 1 others	63/100
4th	Flip 2016, Depok (Indonesia), Series B	App-based wallet for consumers and businesses	$120M	Peak XV Partners, Insignia Ventures Partners ... & 7 others	62/100
5th	OVO 2017, Jakarta (Indonesia), Acquired	Mobile based payment applications for consumers and merchants	-	SoftBank Group, Tokopedia & 1 others	56/100
6th	LinkAja 2019, Jakarta (Indonesia), Series C	App-based mobile payment platform for consumers	$100M	Grab, Mitsui & 4 others	51/100
7th	iSaku 2014, Jakarta (Indonesia), Unfunded	Wallet for consumer payments	-	-	48/100
8th	Astrapay 2018, Jakarta (Indonesia), Funding Raised	Wallet-enabled money transfer and bill payment solutions for consumers	-	-	47/100
9th	Paytren 2014, Bandung (Indonesia), Unfunded	Sharia-compliant payment platform	-	-	45/100
10th	Ascend Money 2013, Bangkok (Thailand), Series D	Financial services platform for individuals	$345M	MUFG, Charoen Pokphand Group & 3 others	45/100

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OVO has made 2 investments in Stickearn and Warung Pintar and acquired Bareksa.

Here is the list of these investments and acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Oct 15, 2019	Investments	Stickearn	2016	Jakarta (Indonesia)
Apr 12, 2019	Acquisition	Bareksa	2013	Jakarta (Indonesia)
Jan 21, 2019	Investments	Warung Pintar	2017	Jakarta (Indonesia)