Jojonomic Gets Continued Funding Led by Finch Capital

SaaS service developer startup for business management Jojonomics today (21/1) announced the acquisition of further funding. No mention of the amount of funds obtained. Funding was led by Finch Capital, backed by previous investors East Ventures and Golden Gate Ventures.

Funding will be focused on complementing the business solutions ecosystem, simplifying data integration, expanding its customer base, and expanding the use of technology machine learning Furthermore. With Finch Capital, Jojonomic will collaborate on financial technology and international networks to support product and business development.

Finch Capital is a venture capitalist that focuses on providing funding to early-stage startups. Currently Finch Capital already has a base in Jakarta, its main focus is on startups that generate innovation for the transformation of the financial services sector.

“Seven hundred thousand SMEs in Indonesia face difficulties in managing costs manually, causing ineffective business processes. This has an impact on wasted time, planning difficulties and difficulties in managing finances. Jojonomic addresses this problem by providing a business and cost management platform. This business model has been successfully implemented by companies in the United States and Europe,” said Finch Capital Partner Hans De Back who will join the Jojonomic Board.

Since its inception, Jojonomic has been known in the B2B scene for its JojoExpense solution, which is a mobile expense management system. Through its first solution, Jojonomic supports professionals to reach the stage purposeful work with automation and speed up the process monitoring manuals such as expense reports.

In addition to JojoExpense, currently Jojonomic has also produced other products, including to increase employee productivity (JojoTimes), managing company procurement (JojoProcure), and creating an ecosystem cashless (JojoCashCard), along with handling digital documents with an easier corporate approval flow.

All of these solutions can also be connected in one integrated management platform (JojonomicPro) which is designed to change the way companies work in managing business financial management and employee productivity.

"By using Jojonomic, employees will improve the quality of productivity and focus on the work they are good at, the rest of our platform will handle time-wasting administrative activities. We are very excited with the support of investors to be able to achieve our mission of making everyone on earth able to work full time passion happily," said Founder & CEO Jojonomic Indrasto Budisantoso (Asto).

Seeing the many global services that the company previously used, Jojonomic made its products integrated with platforms such as SAP, Oracle, Microsoft, Xero, and OpenBravo. Currently, the Jojonomic application system is connected to the five largest banks in Indonesia to facilitate payment systems and payments Reimbursement, providing complete financial management solutions.

Jojonomic already has tens of thousands of active users and supports companies and corporations in various sectors, from technology companies unicorn to Indonesia's largest state-owned oil and gas company.

East Venture Managing Partner Willson Cuaca added, "We have become supporter Asto and the Jojonomic team since day one, and they have continuously proven their execution power and response agility product market fit with diversification from SMEs to corporations. This funding participation is a guarantee confidence we are on Jojonomic to continue to achieve its mission."