Go-Ventures Leads Paper.id Latest Funding Round

By Editorial Team 13/12/2022
startup business
Summary

Indonesia-based payment and billing solution Paper.id reportedly raised US$12 million in a Series B funding round led by Go-Ventures. Other investors include Skystar Capital, Living Lab Ventures, the investment arm of developer Sinar Mas Land, BM Capital, and Redbadge Pacific.

DealStreetAsia sources said that Go-Ventures invested US$4 million into the round. Meanwhile, Skystar Capital deployed US$500,000, BM Capital invested US$553,527, and Living Lab Ventures injected US$300,279, according to Singapore's Accounting and Corporate Regulatory Authority (ACRA) data.

Established in 2016, Paper.id is a Software as a service (SaaS) that provides companies with digital payment, billing, expense tracking, inventory, and financial reporting solutions. In addition, users can also view real-time financial reports, which are automatically generated and include business invoices, profit and loss statements, and bookkeeping reports.

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