How BukuKas is driving Indonesia's digital journey

Founded by Krishnan and Lorenzo Peracchione, BukuKas is an app-based book-keeping software for small- and medium-sized enterprises (SME). It is now expanding from a book-keeping ledger app to a pseudo banking app.
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Good Morning,

BI-FAST, the Indonesian equivalent of Unified Payments Interface (UPI) in India, will be a catalyst in the Southeast Asian country's fintech ecosystem, said Krishnan Menon, Founder and CEO of BukuKas, at TechSparks 2021, Asia's largest and most influential startup-tech conference hosted by YourStory.

"I am very excited about the Indonesian UPI which is coming up," Krishnan told YourStory during a TechSparks 2021 Fireside Chat.

BI-FAST, a real-time retail payment system infrastructure for fast, secure, and low-cost transactions, is in the development stage in Indonesia. Its Open API Payment Standards can stimulate digital transformation of the banking industry, and will facilitate collaboration between banks and fintech ventures.

Founded by Krishnan and Lorenzo Peracchione, BukuKas is an app-based book-keeping software for small- and medium-sized enterprises (SME). It is now expanding from a book-keeping ledger app to a pseudo banking app.

"Southeast Asia — and Indonesia, in particular — is very nuanced," he noted. In a market where consumer apps have thrived, BukuKas chose to build products for the success of merchants in a rapidly-digitising landscape.


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Illustration: YS Design


TechSparks 2021

  • Farid Ahsan, COO and Co-founder of ShareChat, said in order to scale up, the company is focusing on hiring great tech talent to compete with market leaders like Google and Facebook in hiring and investing in their upskilling.
  • Hardika Shah, Founder and CEO, Kinara Capital; Dinesh Agarwal, Founder, and CEO, IndiaMart; and Ashish Sikka, Director – SMB, Lenovo India decoded the ‘big digital shift’ within the MSME sector and how SMBs can deploy digital strategies to become future proof.
  • To understand the dynamics of the third-largest startup ecosystem in the world, Varun Mayya, Digital Content Creator and Founder and CEO, Scenes by Avalon, and Rohith Reji, Co-founder and CBO, Neokred, discussed the significance of building an innovative product.

Before you go, stay inspired with… 

"We are focused on the new version of BukuKas — the product and licensing work — and connecting book-keeping with banking to complete the ecosystem."

Krishnan Menon, Founder and CEO, BukuKas


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