Wednesday
February 16
2022

Andalin Nets US $4 Million to Foray into Trade Financing, Cargo Insurance, SaaS Freight Management

By Jamille Tran

Andalin’s digital platform allows customers to book shipments, receive faster freight quotations, compare services, and manage hundreds of shipments

Indonesian digital freight forwarder Andalin has said today it secured US$4 million financing in a round led by Intudo Ventures.

Cardig Group, Beenext, and several undisclosed strategic investors also co-invested in this round.

Andalin will utilise the funding to expand its market coverage in the East Indonesia region, scale its headcount from 100 team members to 150-200 across all functions, and introduce new products and services integrated into its main platform.

Photo courtesy of A.Davey.

Source: e27 (link opens in a new window)

Categories
Technology
Tags
global development, startups