Last year Dimo ​​was reported to have been acquired by Traveloka Group

Traveloka is reported to have acquired a QR code-based payment system startup Dimo ​​Pay Indonesia (Dimo) early last year. A trusted source who does not want to be named to DailySocial revealed, the purchasing process was carried out through shell companies (special-purpose vehicle /SPV).

Traveloka uses the same mode when acquired Pegipegi and two other OTA startups under Recruit Holdings in early 2018. Unlike Gojek, Traveloka chose not to enter Brandingfor each acquired company.

We got this initial information from SEAcosystem. com - a worksheet a collaborative effort initiated by a number of venture capitalists in Southeast Asia to help affected talent layoffs This year. All data listed on the site is filled out voluntarily.

There are a number of Dimo ​​employees who are affected layoffs associate the company name with the Traveloka Group. We also tried to contact Dimo, but until the news was revealed no response was given.

Dimo was founded in 2016 under the auspices of the Sinar Mas Group, specifically SMDV. Currently Dimo ​​is led by Grégory Soetrisnardi, while CTO Christoforus Yoga Haryanto is from Traveloka.

Apart from Dimo, under this company's legal entity there are two other products that are still operating, namely Uangku and Cashback. All of these products are engaged in fintech with different segments.

The acquisition by Traveloka answers the question of why Uangku is an electronic money payment option in its application. However, we have not received confirmation whether Cashbac has also been taken over by Traveloka.

Dimo is engaged in QR code-based payment system services with the jargon of Pay by QR. They move agnostic aka QR codes found at merchants can receive various sources of funds (source of funds) from e-money applications that have collaborated.

The relationship between Traveloka and Sinarmas subsidiaries is also carried out for PayLater services with Danamas. Party Danamas confirm that the relationship between the two companies is limited to a business agreement. No share investment was carried out by Traveloka.

Inside the Traveloka application, there is a QR code scan used at the locations of Traveloka Eats merchant partners, Traveloka booths at airports and shopping centers, and events held by Traveloka. There is also quick access to enter tourist attractions without the need to print a physical ticket.

The impact of the ongoing pandemic hit the tourism sector with the steepest decline compared to other sectors. In addition to the termination of employment at Dimo, Airy, who is often associated with Traveloka, has announced that operational closure by the end of May.