Miguel Cordon · · 1 min readDurianpay charts expansion as TPV run rate grows 5x YoY
(From left) Durianpay co-founders Natasha Ardiani, Kumar Puspesh, and Antara Sara Mathai / Photo credit: Durianpay
Payments firm Durianpay has announced its plans for further expansion following a solid financial performance for the first half of 2023.
The Singapore- and Indonesia-based company said that it has grown its annualized total processing value (TPV) run rate by 5x year on year to US$700 million since 2022. TPV run rate represents the total transaction value on the company’s platform within that period.
Durianpay also anticipates a 3x TPV increase for the first half of 2023, an uptick it attributes to its new B2B product that allows enterprises to streamline their invoice processing and better track partial payments.
This product has attracted customers from both digital platforms and traditional enterprises, such as eFishery, Evermos, Carsome, and GoWork.
Durianpay plans to grow its 40-member team across its product, tech, operations, finance, and business development departments.
Founded in 2020 by Antara Sara Mathai, Kumar Puspesh, and Natasha Ardiani, Durianpay provides its clients with a broad range of payment options through a single API.
See also: Regional cross-border payments open new growth avenues for Indonesian fintech
Editing by Jaclyn Tiu
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