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Indonesian digital ledger startup raises $9m from Sequoia

BukuKas to invest product development and strengthening its market

Digitalization is expanding to micro, small, and medium-size businesses in Indonesia, creating new markets for companies such as BukuKas that serve their needs.   © Reuters

JAKARTA -- BukuKas, a digital ledger app for micro, small, and medium enterprises, or MSMEs, in Indonesia, announced on Monday that it has raised $9 million in a pre-Series A funding round. Investors include Sequoia Capital India's Surge, Credit Saison and Speedinvest.

The new round brings the company's total raised funds to $12 million.

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