What it does: Technology platform to provide digital infrastructure for managing and growing merchants' business.
Mission: BukuWarung empowers MSMEs in Indonesia to become financially aware and enables them to manage and grow their business using technology.
Best known for: BukuWarung accounting app, digital payments, and Tokoko online storefront
Size & presence: Hired over 170 employees.
BukuWarung is the fastest growing start-up company in SEA for 2 years which served over 60 million MSMEs across 750+ locations in Indonesia. BukuWarung builds the digital infrastructure that enables Indonesia’s MSMEs to efficiently manage and grow their business by using digital bookkeeping, online storefront, and digital payments.
BukuWarung app helps MSMEs to manage their cash and credit transactions. Merchants receive 3x faster repayments and see increased cash flow due to the automatic payment reminders sent by the app. The app tracks all transactions including credit, expense, and sales, and helps merchants get cash flow visibility through business reports.
BukuWarung exists as a response to the high demand for alternative means of micro-loans and extended lending and payment services. Beyond providing loans, as BukuWarung’s network grows and transactional data is accumulated, the platform can more effectively risk manage its product offerings and develop into a digital MSME neo-bank with end-to-end financial services from deposits to insurance. Meanwhile, on the side of productivity SaaS tools, BukuWarung can also build additional modules on top of the current digital ledger and extend upstream to the rest of the supply chain for these MSMEs.
BukuWarung is backed by top-tier VCs globally: Peter Thiel’s Valar Ventures, Goodwater Capital, Y-Combinator, AC Ventures, Quona Capital, East Ventures, Golden Gate Ventures, Rocketship.vc, Tanglin Venture Partners, and strategic angel investors from Stripe, PayPal, Plaid, Grab, Gojek, Facebook, AirBnB, Fast, Mastercard, etc.
BukuWarung is a truly data-driven company. We create a collaborative culture between multi-cultural, gender diversity, and inclusion teams which enables a positive learning opportunity. Communication, caring, and equality are the keys to our teamwork. We provide remote working with daily sit-downs and weekly meetings as a team and monthly all-hands call for the company.