BukuWarung is a financial tech startup that serves small businesses in Indonesia.
Basic Information
Launched in 2019 by co-founders Chinmay Chauhan and Abhinay Peddisetty, BukuWarung is targeted at the 60 million “micromerchants” in Indonesia, including neighborhood store (or warung) owners. The app was originally created as a replacement for pen and paper ledgers, but plans to introduce financial services including credit, savings and insurance. In August, the company integrated digital payments into its platform, enabling merchants to take customer payments from bank accounts and digital wallets like OVO and DANA. One of the reasons BukuWarung launched digital payments was in response to customer demand for contactless transactions and instant payouts during the COVID-19 pandemic.
Legal Name
:
PT Buku Usaha Digital
Headquarters
:
Jakarta, Jakarta, Indonesia
Founding Date
:
2019
No. of Employees
:
21 to 40
Core Team
:
1.
Chinmay Chauhan
Co-Founder
2.
Abhinay Peddisetty
Co-Founder
Funding
Investors
:
1.
Y Combinator
2.
Partners of Softbank
3.
Valar Ventures
4.
Golden Gate Ventures
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