Technology

Our Portfolio

What We Do

Provident has built businesses across a variety of industries, including infrastructure, mining, energy transition, technology and renewables. Provident’s businesses are currently mostly concentrated in Indonesia.

GoTo

Goto is the largest digital ecosystem in Indonesia, providing services such as on-demand transport, e-commerce, food and grocery delivery, logistics and fulfilment and financial services through the Gojek, Tokopedia and GoTo Financial platforms

• Listed on the Indonesia Stock Exchange in 2022

• Market capitalisation: USD3.7 billion (June 2024)

• Gojek has over 2.6 million driver-partners across Indonesia, Vietnam, and Singapore

• Tokopedia serves 99% of districts in Indonesia and has over 14 million registered merchants

• GoTo Financial is Indonesia’s leading player in e-money and largest cloud point of sales provider

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Provident Growth Fund

A uniquely positioned Growth Fund focused on technology investments in Southeast Asia

• 2 provident growth funds (PGF) launched to date

• PGF I was launched in March 2018, with a focus on growth stage proven tech leaders in SEA, had a final close of US$141m

• PGF II was launched in December 2018, with a similar focus as PGF I, has raised a total of US$181m to date

• PGF key investments: Traveloka, Goto, Alfamart, Pomelo, ADVANCE.AI, JULO, Carro, Bank Neo Commerce

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