Who owns OVO?
OVO is owned by Grab (Singapore, NASDAQ: GRAB), which has owned the brand since 2021.[1]
Grab owns 82.8% of OVO rather than all of it.
Evidence: Grab Holdings Limited Annual Report on Form 20-F filed 2026-03-06, SEC EDGAR, 6 March 2026. Verified from filings; last checked .
Key facts
- Current owner
- Grab Holdings Limited (82.8% stake) verified
- Owned since
- Owner HQ
- 🇸🇬 Singapore, Singapore
- Origin
- 🇮🇩 Indonesia
- Category
- Internet & digital › Digital services › Payments
- Parent ticker
- NASDAQ: GRAB
- Last verified
- · 1 sources
About OVO
OVO is an Indonesian digital wallet offering payments, loyalty points and financial services, run by PT Visionet Internasional. Grab describes completing a "100% ownership investment" in it in 2021, but the arrangement behind that is unusual: Grab owns 82.8 per cent of the shares of PT Bumi Cakrawala Perkasa, the Indonesian company that owns OVO, and those shares carry only 38.9 per cent of the votes because of a dual-class structure. Indonesian payment rules cap foreign investors at 85 per cent of ownership and 49 per cent of voting power, and Grab controls and consolidates the business through contractual arrangements with the other shareholders.
What Grab's annual report says about OVO
Sentences about OVO from Grab's latest annual filing[1], copied word for word.
For example, in Indonesia, PT Indonusa Bara Sejahtera, trading as OVO Finansial, our P2P lending company, is required to cap any funding provided by a single funding provider and its affiliates at 25% of its total funding position at the end of each month.
However, Indonesian regulatory authorities may deem these measures to be insufficient and impose administrative sanctions on OVO Finansial.
Indonesia Our payment system services business is conducted through PT Bumi Cakrawala Perkasa ("BCP"), an Indonesian entity which owns OVO.
How often Grab names OVO in its annual report
A plain count of the times the name appears in the text of each annual report, not counting the start of a sentence. A brand that an owner writes about more is usually one it treats as central. The brand is named less often than it was three years earlier.
Ownership timeline of OVO
Where OVO sits in Grab
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Grab ownership tree →
See the full Grab brand portfolio (7) →
Other brands owned by Grab
Grab controls 7 brands on Brandtree, 5 of them in internet & digital.
Also in internet & digital
Other brands in payments, and who owns them
The 38 brands in payments on Brandtree belong to 21 owners. The largest is PayPal, with 4; Grab has 2.
| Brand | Owner | Owner based in |
|---|---|---|
| GoPay | GoTo | 🇮🇩 Indonesia |
| Kaspi Alaqan | Kaspi.kz | 🇰🇿 Kazakhstan |
| Braintree | PayPal | 🇺🇸 United States |
| Afterpay | Block | 🇺🇸 United States |
| Rakuten Card | Rakuten | 🇯🇵 Japan |
| AzamPay | Bakhresa | 🇹🇿 Tanzania |
| Mercado Crédito | MercadoLibre | 🇺🇾 Uruguay |
| Uzum Bank | Uzum | 🇺🇿 Uzbekistan |
About the owner: Grab
Grab is a publicly listed company headquartered in Singapore, Singapore, founded in 2011. Brandtree records 7 brands under its control, and it is listed as NASDAQ: GRAB.
Grab calls itself Southeast Asia's leading superapp, operating in deliveries, mobility and digital financial services across more than 900 cities in eight countries: Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. It was incorporated in July 2011 as MyTeksi Sdn. Bhd. in Malaysia, launched a taxi-hailing service there in June 2012, renamed itself Grab in 2016 and listed on Nasdaq in December 2021 through a business combination with Altimeter Growth Corp. Its 2018 acquisition of Uber's Southeast Asian business left Uber a major strategic shareholder. Revenue was $3,370 million in 2025.
🇮🇩 OVO and other Indonesian brands
Brandtree records a controlling owner for 161 brands that began in Indonesia. 7 of them (4%) are now controlled by a company headquartered in another country, OVO among them.
Frequently asked questions
Who is the parent company of OVO?
The parent company of OVO is Grab, a publicly listed company headquartered in Singapore.
Is OVO Indonesian or Singaporean?
OVO originated in Indonesia, but it is owned today by Grab, which is headquartered in Singapore. So OVO is an Indonesian-origin brand under Singaporean ownership.
Since when has Grab owned OVO?
Grab has owned OVO since 2021.
Is OVO still owned by Grab?
Yes. As of 29 October 2026, OVO is still owned by Grab (82.8% stake). The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Grab Holdings Limited Annual Report on Form 20-F filed 2026-03-06 — SEC EDGAR, SEC Form 20-F, published 6 March 2026; retrieved 21 September 2026.
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