August 13

AC Ventures, Kenangan Fund Join Durianpay’s US $2 Million Round Led by Surge

By Sainul Abudheen K

Durianpay, an Indonesia-focused payments solution startup, has secured US$2 million in funding led by Sequoia India’s Surge, with AC Ventures, Kenangan Fund, and unnamed angels joining the round.

The startup was founded in September 2020 in Jakarta by Antara Sara Mathai, Kumar Puspesh, and Natasha Ardiani.

Indonesia’s payments industry is fragmented, manual, and not mobile-optimised. It often leads to high cart abandonment rates at checkout due to time-consuming, error and fraud-prone manual steps. Durianpay aims to address this problem by providing small e-commerce merchants with a one-stop solution for “frictionless checkout and easy-to-integrate modern APIs and dashboards”.

The firm offers businesses and developers access to a broader range of payment options and a no-code interface. Companies can create workflows that put the merchant’s payment infrastructure on autopilot through a single integration. Checkout and payment are customisable.

Photo courtesy of lau rey.

Source: e27 (link opens in a new window)

Finance, Technology
e-commerce, financial inclusion, fintech, impact investing