This latest round adds JPMorgan and Eldrige to its backer portfolio which will bring an edge to the startup that is looking to strengthen and expand its local payment capabilities.

The high voltage electricity network operator from the Philippines has selected Bank of America Corp., UBS Group AG, and JPMorgan Chase & Co. to work on the first-time share sale.

This news comes at a time where there is a wave of technology firms that is taking advantage of surging valuations to sell off shares.

Traveloka is looking to list in the U.S. this year using a special purpose acquisition company or SPAC, according to CEO Ferry Unardi.

This deal will bring together Warung Pintar and Bizzy Digital to create a full-stack supply chain platform.