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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 an
Sequoia India helps fund Indonesia s BukuKas
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BukuKas secures USD 10 mln in Series A funding Thursday 14 January 2021 14:55 CET | News Indonesia-based BukuKas has secured USD 10 million in its Series A funding round to increase user acquisition.
Sequoia Capital India served as the lead investor, with participation also coming from Saison Capital, January Capital, Founderbank Capital, Cambium Grove and Endeavor Catalyst. With the funds, BukuKas plans to increase user acquisition, grow its engineering and product teams, and release new products.
The fintech plans to expand across Southeast Asia, but its short-term focus in on the SME market in Indonesia. BukuKas offers target micro and small businesses with a cloud accounting solution. Clients can access digital bookkeeping to record sales, expense, and cash transactions through their mobile phone. The company also helps consumers build a diverse portfolio through its automatic mutual fund investment platform.
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Indonesia based Fintech Firm BukuKas Secures $10 Million in Funding via Series A led by Sequoia Capital India
January 12, 2021 @ 9:45 pm By Omar Faridi
A major part of Indonesia’s economy is supported by SMEs, which represent approximately 60% of the nation’s GDP. Many of the small businesses depend on a lot of manual processes and bookkeeping, however, the impact of the Coronavirus pandemic has led to SMBs becoming more focused on digitizing their activities.
BukuKas, one of many Indonesian companies that are assisting SMEs with operating online or in a digital environment, has secured $10 million in capital through a Series A investment round that was led by Sequoia Capital India.
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