Aditya Hadi Pratama · · 1 min readIndonesian fintech SaaS firm bags $1m in pre-seed money
Djoin, an Indonesia-based SaaS platform, has raised US$1 million in a pre-seed funding round from undisclosed investors.
Djoin team / Photo credit: Djoin
Founded in 2020, Djoin provides solutions for local microfinance companies and cooperatives. Its offerings help clients in managing their employees, processing payments, and collecting loan installments from their users.
In a statement, the company said that its solutions have been used by financial firms across Bali, West Nusa Tenggara, and East Nusa Tenggara. These clients have a total of US$67 million in assets.
Djoin was established by serial entrepreneur I Wayan Indra Adhi Suputra. It plans to use the fresh funding for product development and customer acquisition purposes. It aims to reach more than 1,000 microfinance companies in the country by 2025.
See also: These are the most active investors in Indonesia’s startups
Editing by Miguel Cordon and Lorenzo Kyle Subido
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