ANI |
Updated: Jan 18, 2021 12:30 IST
By Lee Kah Whye
Singapore, January 18 (ANI): Last week, BukuKas, an Indonesian-based digital bookkeeping start-up, announced it had raised USD 10 million in Series A funding which was led by venture capital firm Sequoia Capital India, a subsidiary of famed global tech investment company Sequoia Capital.
The latest capital injection brings Buku Kastotal funding to date to USD22 million. Investors involved in Series A include Saison Capital, January Capital, Founder bank Capital, Cambium Grove, Endeavor Catalyst and Amrish Rau
BukuKas is a mobile credit tracking and accounting application designed to help Micro, Small, and medium-sized enterprises (MSMEs) manage their cash. It digitises physical financial record-keeping by assisting businesses to record their financial statements, monitors their sales, profit and credit automatically. As a result, it enables MSMEs to better monitor and manage cash flows and ultimately makes it easier for them to track overall business processes and performance.