Aditya Hadi Pratama · · 1 min readIndonesian point-of-sale firm bags $2.5m from Kejora-SBI Orbit fund
Olsera, an Indonesia-based startup that offers point-of-sale (POS) systems, has raised US$2.5 million in seed funding from Kejora-SBI Orbit, a joint venture fund between Kejora Capital and Japanese conglomerate SBI Holdings.
Olsera products / Image credit: Olsera
Founded by Novendy Chen and Ali Tjin in 2015, Olsera provides POS systems to SMEs who want to simplify transactions in their outlets. Besides recording transactions, the platform can also be used to manage a business’ inventory, employees, and finances.
Amid the pandemic, Olsera launched two new features to complement its main offering: a website-building platform called Olsera Store and a reservation software called Zenwel. To date, the company has more than 10,000 users in 300 cities in Indonesia.
Olsera plans to use the fresh funds to develop its technology, hire more staff, and acquire customers.
Editing by Collin Furtado and Jaclyn Tiu
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