Traveloka plans regional fintech expansion before US listing ...Qatar

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Traveloka plans regional fintech expansion before US listing
Traveloka, Southeast Asia’s largest online travel startup, plans to launch financial services in Thailand and Vietnam as it eyes a US listing through a blank-cheque company, its president said. The 9-year-old Indonesian company, which counts Expedia and China’s JD.com among its backers, is seeing a strong rebound in its business after the Covid-19 pandemic pummelled demand. The company’s president, Caesar Indra, told Reuters in an interview that Traveloka’s Vietnam business had surpassed pre-Covid-19 levels, is nearly back to normal levels in Thailand, and is at half of pre-Covid level in Indonesia. “The worst has happened and now we’re well prepared for 2021. Domestic travel is driving rec

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