1. Startups

Fintech Startup MatchMade Receives Pre-Seed Funding from Vertex Ventures and Antler

MatchMade helps finance teams automate various financial processes, such as transaction matching, parsing, reconciliation and consolidation

Startups fintech SaaS MatchMade announced that it has received pre-seed funding at an undisclosed amount. Vertex Ventures and Antler are two of the investors participating in the round.

This information was first obtained from Venture Cap. MatchMade representatives confirmed the truth of the news when contacted DailySocial.id.

MatchMade just founded this year by three co-founder, namely Tedo Ziraga, Gilang Gibranthama, and Kornelius Samuel. The three first met while working at Gojek in early 2015. Now they combined their experience from B2B SaaS, financial consulting, and payments to found MatchMade.

MatchMade is a SaaS solution designed to simplify financial operations for business clients. Software This enables the team Finance in companies to consolidate and maintain bookkeeping from various sources in a centralized platform, thereby simplifying financial data management.

Tim Finance Usually it is difficult to control bookkeeping, how much money comes in and goes out. This problem is growing exponentially as digital payment options (EDC machines, e-wallets, BNPL, and on-demand food delivery) which makes it more complicated.

With MatchMade solutions, finance teams can automate a variety of financial operations processes, including transaction matching, breakdown, reconciliation and consolidation. This automated feature eliminates the need for time-consuming manual tasks, reduces errors and increases overall efficiency.

Then, mark any differences in the amount in the ledger and identify the root of the problem, whether it is past due, missing notes, or not yet disbursed by the partner; and accommodate teams to collaboratively resolve discrepancies.

As is known, the transformation of community activities from offline ke online had a major impact on the financial industry. From that publication revealed by Bank Indonesia, transaction value digital banking alone in April 2023 domestically it will reach IDR 4.264 trillion or almost IDR 4,3 quadrillion.

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This value includes various transactions digital banking, that is internet banking, SMS/mobile bankingand phone banking. If we trace it back five years, the transaction value in that month has grown 158% compared to April 2018.

This exciting potential makes this financial industry even more attractive because behind it there are still challenges that still haunt it. Apart from MatchMade, similar solutions have previously been offered by similar players, such as Aspire and Jacks.

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