iSeller Secures 120 Billion Rupiah Funding, to Expand Business Coverage
The solution has been used by more than 60 thousand business players across 10 cities in Indonesia
POS developer startup iSeller announced a pre-series B funding worth of IDR 120 billion led by AppWorks and Openspace Ventures. Previous investors, Mandiri Capital Indonesia (MCI) and Indogen Capital, also participated in this round.
The fresh money will be used for business expansion to 50 cities in Indonesia, accelerating merchant acquisitions, and strengthening collaboration with important players, such as Grab. It is expected to boost the company's performance up to 500% from the previous achievement.
iSeller's Founder and CEO, Jimmy Petrus said, compared to the Series A round last year, the company managed to achieve impressive growth this year, which is more than 300% year-on-year of merchant acquisitions and annual revenue.
Already have an account? Login
Not ready to subscribe yet? Purchase and access this article
Subscribe to keep reading and get unlimited premium article access with all subscription benefits
Subscribe and get:
- Access to premium articles
- Download paid research
- Premium newsletters
- Ads free
Choose your subscription period:
IDR 150,000 /month
Pay for a month
- IDR 450,000
IDR 350,000 /quarter
Pay for 3 months
- IDR 1,800,000
IDR 1,033,000 / year
Pay for a year
Sign up for our
newsletter