Payment Startup Durianpay Secures 28 Billion Rupiah Funding Led by Surge

Payment solutions startup Durianpay announced $2 million (over 28 billion Rupiah) funding led by Surge from Sequoia Capital India. Also participated in this round AC Ventures, Kenangan Fund, and a series of angel investors. They are including Ankiti Bose (Zilingo), Ankit Jain, Harshet Lunani (Qoala), Joe Wadakethalakal (ex-Brilio), Reynold Wijaya (Modalku), Sai Srinivas (MPL), and Tanay Tayal (Moonfrog).

Durianpay is to channel the fresh funds to develop more solutions and deepen its business penetration to reach more users.

Durianpay is a one-stop payment provider that enables businesses to grow and thrive through a one-stop solution for seamless checkout, APIs and modern dashboards that are easy to integrate. This startup was founded by Antara Sara Mathai, Kumar Puspesh, and Natasha Ardiani in September 2020 in Jakarta.

The three have deep backgrounds in the fintech industry. Mathai used to lead the product team at Citrus Pay and OnlinePajak. While Puspesh was previously the founder of Moonfrog, an India based game development company. Also, Natasha has experience leading ShopeePay, Shopee PayLater, and OVO's loan and collection business.

“Durianpay offers a one-stop solution for businesses in the region to better manage its payment processes. We built our payment products and solutions with both business and developer comprehension, with a vision to modernize payments by providing a secure and customizable next-generation product experience," Durianpay's Co-Founder Natasha Ardiani said in an official statement, Thursday (12/8).

The increasing e-commerce transaction

This service was initiated as the recent significant increase of e-commerce transactions in the Southeast Asia region. However, it is not followed by the development of payment solutions, especially in Indonesia, which is still fragmented, manual, and yet to be optimal.