ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Startups

Indonesian mobile POS startup Cashlez raises $5.8 million in IPO

Company plans to purchase IT solution provider with smart card technology

A traditional market is open for business in Jakarta on May 5. Indonesian startup Cashlez went public during the Islamic fasting month of Ramadan and as coronavirus continued to spread worldwide.   © Reuters
SARAH YUNIARNI, DealStreetAsia | Indonesia

JAKARTA -- Indonesia-based mobile point-of-sale (mPOS) startup Cashlez Worldwide Indonesia has raised $5.8 million in an IPO.

Cashlez, which provides a mobile point-of-sale system, raised 87.5 billion rupiah ($5.8 million) in its IPO, lower than an initial target of 100 billion rupiah.

Read Next

Latest On Startups

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.

Accept & Continue Close