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M Cash sells several shares in DIVA to Kejora Ventures

14 August 2019 06:47

JAKARTA - PT M Cash Integrasi Tbk (MCAS) has signed a sales and purchase (S&P) agreement with Kejora Ventures to sell a number of shares it owns in PT Distribusi Voucher Nusantara Tbk (DIVA).

According to MCAS Director Suryandy Tjahja, the deal shows that the company’s investments have a significant value, and allows DIVA to become a complete digital enabler company.

“Through this strategic alliance and synergic collaboration, we believe that DIVA will have more power to grow its business larger, faster, and stronger,” said Mr Tjahja in an official statement, Tuesday (13/8).

Meanwhile, DIVA Director Dian Kurniadi said that the company, with the help from strong partners and supporters, will be able to create comprehensive offers to its partners, particularly in the MSME sector.

“Starting from our digital products, payment enabler, and banking services, we hope we can expand to other fields such as financing, logistics, artificial intelligence (AI), IoT (Internet of Things), fulfillment, and supply chain,” said Ms Kurniadi. (MS)

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