Ovo, one of the leading players in the digital payment sector, is rumored to acquire a peer-to-peer lending service Taralite. The acquisition is set to help Ovo provide various payment products for buyers and merchants in the Ovo ecosystem.

Taralite CEO, Abraham Viktor, is still the CEO as quoted from KrAsia. Although, he also involved in Ovo’s operational as the Head of Strategy & Innovation Lab.

Taralite is a fintech company founded in 2015. They offer solution that focuses on capital lending for online sellers/merchants without banking access.

The last time Taralite received a funding is in 2017 from SBI Group of Rp84 billion rupiah. They also formed partnerships with some online platforms, such as Tokopedia, Lazada, Doku, Hacktiv8, and Jurnal.

Earlier this year, Ovo and Taralite partnered up to introduce Ovo PayLater for Tokopedia platform. According to our source, there will be more payment products delivered from these collaboration.

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Original article is in Indonesian, translated by Kristin Siagian