Say goodbye to pen and paper. And hello to Paper.id! This Indonesian startup makes it easy for SMEs to get paid, make payments, manage their finances, and more. Now, they’ve just raised a Series B!

• Since 2021, they’ve grown their TPV by 30x.
• Founded in 2016, they have served 600,000 SMEs across Indonesia like Kopi Kenangan.

Investor check. The round was led by Square Peg. SMBC Asia Rising Fund and existing investor Argor Capital also joined in!

• The amount’s hush-hush.

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💵 How it works

Get paid faster than ever. Create digital invoices in a snap and send them on WhatsApp, email, SMS, or other messaging apps.

• No minimum sales volume required. Allow customers to pay through multiple payment options like credit cards, QR codes and more.
• Need cash fast? You can even get paid for invoices 30–60 days in advance.

Accounting and inventory. We all hate manually recording everything. They can even generate invoice reports, balance sheets, income statements and more for you!

• Easily monitor warehouse inventory, so you'll always have the right stock.
• They also instantly reconcile invoices and can match documents for you.

Make payments and more. Pay all your invoices in just one click—instead of multiple separate payments. Oh, and they let you use credit cards to pay any suppliers (and get more time).

• If you want to pay through installments, you can also choose their BNPL feature!

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🚀 What’s next?

They’ll be improving and expanding their range of services. The goal? Be the go-to platform for business owners to manage and process their transactions efficiently with end-to-end solutions.

• They’ll integrate automation through ML and AI in their B2B payment system.
• They’re also looking to enable cross-border payments with strong business verification.