Bukukas – Indonesia’s Fintech Juggernaut
Bukukas Indonesia 50M,Managing inventory, invoicing, analytics and digital bookkeeping are all vital aspects of business operations, and it is critical to choose the right solution for your business. The right solution can help you stay on top of your business, which will allow you to grow faster and more profitable.
Digital bookkeeping app
Founded in 2019, BukuWarung is a digital bookkeeping app for Indonesian SMBs. The app provides a digital platform for managing financials, inventory, and payments. It enables 60 million micro and small enterprises in Indonesia to digitize their financials with a technology platform. It is a venture by Abhinay Peddisetty and Chinmay Chauhan. The founders are aiming to create an ecosystem that will help the country’s SMBs grow.
The app allows merchants to track cash flow, send invoices, and send payment reminders to their customers through WhatsApp. The app automatically calculates profits and sales, enabling businesses to track their cash flow and make data-based decisions. It also includes an inventory management module that helps merchants monitor their products and services.
BukuWarung plans to expand its services in the near future. It will introduce a promotions engine this year, and will also add digital payments.
Inventory management
Founded in December 2017, Indonesia’s Bukukas has rapidly expanded from a bookkeeping platform to inventory management, analytics and payment services. The company plans to onboard 20 million MSMEs by 2022. Its investors include Gokul Rajaram, the CEO and co-founder of DoorDash, and TransferWise co-founder Taavet Hinrikus.
Bukukas serves MSMEs with credit reminders, management reports and real-time profit visibility. Its users can record sales, identify expense categories, and record debit-credit records. It also offers invoicing and online payments.
Bukukas is also known for its data-driven approach. It helps merchants grow, and provides a clear value proposition. Bukukas aims to become the backbone of the finances of MSMEs.
It started off as a digital ledger app, but expanded to inventory management, analytics, payments and e-commerce. Bukukas has onboarded 6.3 million small traders.
Analytics
tee het, tee het, sexy tee het! Having said that, the company did a round of business in the sexy sexy sexy tee a las tee het tee het tee. BukuKas is a worthy successor to the illustrious BukuLike. To be fair, BukuKas has a long track record of delivering the goods. BukuKas is a one stop shop for your fintech needs. As such, BukuKas has a dedicated team of savvy fintech snobs that know their business inside out. BukuKas boasts an impressive customer base of over a million subscribers, who knows where the best customer is located? BukuKas has also made an impressive entry in the competition for the title of fintech juggernaut.
COVID-19 has boosted growth of bukukas indonesia
Earlier this year, Indonesia’s leading start-up, BukuKas, secured $50 million in funding. The company, which helps small businesses digitize their business activities, will use the funds to launch new services for merchants. It will also hire engineering teams in Jakarta.
With the support of the funding, the company will be able to add more quality engineering teams, expand its sales team and enhance product development. In addition to its online payments and invoicing services, BukuKas offers inventory management, inventory tracking and payment analytics. The company claims to have more than 3 million monthly active users and an annualized bookkeeping transaction volume of $25.9 billion USD.
The start-up was founded by Menon, who used to work at Lazada Indonesia. He also has ties with former Lazada CEO Maximilian Bittner.
