BukuWarung Analysis: $60M Raised
What is BukuWarung?
BukuWarung is a financial app that helps small and medium enterprises in Indonesia manage finances, facilitate transactions, and access digital products for additional income.
Employees
250
Founded
2019
Revenue
$1.7M
Product Features & Capabilities
- Tagih dan Bayar, Produk Digital (PPOB), QRIS, Pembukuan, Solusi Modal Usaha, Talangin Dulu
Pricing
- Application fees apply for using the Pay and Charge features.
- Premium Account holders receive a cashback of Rp2,000 for subsequent transactions.
- Non-Premium Account holders have a limit of 10 transactions for Charge and Pay features.
- Discounts of up to 40% on application fees for using the P
How much BukuWarung raised
Series A - $60 million
June 2021Lead Investor: Valar Ventures, Goodwater Capital, Y Combinator, Rocketship.vc, AC Ventures, Quona Capital
Who are the founders of BukuWarung
AP
Abhinay Peddisetty
Founder
Business Model
Subscription-based revenue from bookkeeping services and transaction fees for digital payments.
Market Focus
BukuWarung primarily focuses on the financial technology (fintech) industry, specifically targeting small and medium enterprises (UMKM) in Indonesia by providing financial management solutions and facilitating transactions.
Competitors Overview
BukuWarung faces competition from several key players in the financial application market for small and medium enterprises (UMKM) in Indonesia. The main competitors include:
- Home Credit Indonesia: Specializes in consumer credit solutions, offering electronic financing and working capital fin
Investors
- Valar Ventures
- Goodwater Capital
- Quona Capital
- East Ventures
- Soma Capital
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