Indonesian startup, Credibook, get Series A funding US$1.5 million led by Wavemaker Partners with participation from Alpha JWC Ventures and Insignia Ventures Partners. The company involved in the digitalization of small and meditum enterprises (SME) said will use the fresh fund for expansion in the archipelago.
Last year, the financial technology (FinTech) has raised seed funding from Insignia Ventures Partners and Payfazz and argeting 60 million businesses to use their platform for their digital financial records. Launched in 2020, the application has now been used by more than 200,000 users.
The debt manager platform set up to help the SMEs that have debt-receivable problem. The derivative products is moving towards on the digital payments, especially on the bill payment side. The company also working with several institutions to help SMEs increase their capital financing.
