Mekari, a Jakarta, Indonesia-based software-as-a-service (SaaS) firm, secured $50 million in its Series E funding round led by Money Forward, with participation from other companies and existing investors.
The fresh capital will be used to expand the company’s team and capabilities across product and engineering, sales, and marketing. It will also fuel its foray into a new domain, which he describes as contextual financial services.
Company: Mekari
Raised: $50.0M
Round: Series E
Funding Month: May 2022
Lead Investors: Money Forward
Additional Investors:
Company Website: https://mekari.com/
Software Category: B2B SaaS Solutions
About the Company: Founded in 2015 by the name of Sleekr, the company rebranded itself as Mekari, Mekari is the #1 Software-as-a-Service (SaaS) company in Indonesia with the mission to empower the progress of businesses and professionals across various industries. Mekari innovative cloud-based technology solution in HR (Mekari Talenta), Accounting (Mekari Jurnal), Sales (Mekari Qontak), Tax (Mekari Klikpajak) and Benefits (Mekari Flex) have been used by thousands of businesses in Indonesia. Mekari is a provider of business-to-business (B2B) SaaS solutions, it helps companies ranging from multi-national companies (MNCs) to MSMEs digitize and automate their operations through efficient and easily-accessible business technology solutions. Mekari has recorded an 11x growth over the past four years. It currently has more than 35,000 clients and 800,000 active users, primarily from MSMEs. Headquartered in Jakarta, Indonesia.
Source: https://www.techinasia.com/indonesian-saas-firm-mekari-bags-50m-series-funding-led-money