Jofie Yordan · · 2 min readIndonesia-based Privy acquires online tax platform AyoPajak
The management teams of Privy and AyoPajak / Photo credit: Privy
Privy, an Indonesia-based digital authentication services firm, has acquired online tax platform AyoPajak for an undisclosed amount.
Founded in 2020, AyoPajak offers tax reporting for individuals and companies. It also provides tax consultancy directly supervised by the national tax authority, among other services.
Andreas Saryadi, CEO of AyoPajak, said that the collaboration between the two companies would help strengthen the tax platform’s offerings, with Privy already having government approval for digital tax certifications.
In addition, Privy will be able to integrate its electronic signature and identity verification services into the AyoPajak platform. In Indonesia, electronic signatures now have the same evidentiary power as physical signatures when issued by certified providers like Privy.
“We hope AyoPajak can become a market leader in the digital tax administration sector in Indonesia that guarantees the security and confidentiality of taxpayers’ personal data,” Marshall Pribadi, CEO of Privy, said in a statement.
Founded in 2016, Privy said that more than 3,000 companies have used its services, helping verify the digital identities of over 46 million users.
In November 2022, the company secured US$48 million in a series C round led by KKR. According to Tech in Asia’s database, Privy has raised a total of US$65.7 million in disclosed funding.
See also: At a crossroads: Indonesia’s elections will decide tech future
Editing by Miguel Cordon and Lorenzo Kyle Subido
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