BukuWarung, a startup digitizing Indonesia’s SMEs, raises new funding from Rocketship.vc
BukuWarung is an accounting app that helps Indonesian micro-merchants manage their cash and credit transactions as well as send & receive digital payments.
BukuWarung has 350,000 monthly active merchants and growing 70% Month over Month. Our merchants track over $250M in transactions each month using our app. We aim to build the digital infrastructure for 60 million micro-merchants in Indonesia and enable them to manage and grow their business starting with digital bookkeeping, payments and credit.
By using our app merchants receive 3x faster repayments from their loans and see increased cash flow due to the automatic payment reminders. Our app tracks all transactions including credit, expense and sales, and helps merchants get cash flow visibility through business reports. Founders previously led product & revenue at Carousell (eBay) & were product leaders at Grab, both of which are billion-dollar companies in South East Asia.