1. Startup

iSeller Secures 120 Billion Rupiah Funding, to Expand Business Coverage

The solution has been used by more than 60 thousand business players across 10 cities in Indonesia

POS developer startup iSeller announced a pre-series B funding worth of IDR 120 billion led by AppWorks and Openspace Ventures. Previous investors, Mandiri Capital Indonesia (MCI) and Indogen Capital, also participated in this round.

The fresh money will be used for business expansion to 50 cities in Indonesia, accelerate merchant acquisitions, and strengthen collaboration with important players, such as Grab. It is expected to boost the company's performance up to 500% from the previous achievement.

iSeller's Founder and CEO, Jimmy Petrus said, compared to the Series A round last year, the company managed to achieve impressive growth this year, which is more than 300% year-on-year of merchant acquisitions and annual revenue.

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