Sequoia Capital India served as the lead investor, with participation also coming from Saison Capital, January Capital, Founderbank Capital, Cambium Grove and Endeavor Catalyst. With the funds, BukuKas plans to increase user acquisition, grow its engineering and product teams, and release new products.
The fintech plans to expand across Southeast Asia, but its short-term focus in on the SME market in Indonesia. BukuKas offers target micro and small businesses with a cloud accounting solution. Clients can access digital bookkeeping to record sales, expense, and cash transactions through their mobile phone. The company also helps consumers build a diverse portfolio through its automatic mutual fund investment platform.
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