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Indonesian fintech platform raises $10m, led by Sequoia India

BukuKas to accelerate merchant acquisition, strengthen business in Bangalore

Indonesia's BukuKas has a registered user base of 3.5 million small merchants and retailers in its platform, as of November.   © Reuters

JAKARTA -- BukuKas, a digital ledger app for micro, small and medium-size enterprises in Indonesia, has raised $10 million in a Series A funding round led by Sequoia Capital India, the company said in a statement on Tuesday.

Existing investors Saison Capital, January Capital, Founderbank Capital, Cambium Grove Capital, Endeavor Catalyst and Amrish Rau also participated in the round, which brings the total funds raised by BukuKas to $22 million.

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