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Aditya Hadi Pratama · · 1 min readMoney Forward leads $18m series D round of Indonesian SaaS firm Mekari
Mekari, an Indonesia-based software-as-a-service platform, just raised US$18 million in its latest funding round, the company’s chief executive Suwandi Soh told Tech in Asia.
More funding details
- Lead investors: Money Forward Inc.
- Existing investors: EV Growth and MidPlaza Holding
- Stage: Series D
More company updates
- Mekari will use the funds to accelerate product development and grow its product and engineering team.
- Besides its main human resources, accounting, and tax processing products, the company also launched Mekari Chat, a communications platform integrated with its HR system and employee benefit solution Mekari Flex.
- According to Soh, Mekari is also actively looking for M&A opportunities in the Indonesian SaaS sector.
- While SMEs are its primary market, Mekari also approaches enterprise customers. Currently, there are over 20 public companies that use its products.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Miguel Cordon Jaclyn Tiu
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