Bukalapak confirms new funding spherical

Indonesian e-commerce and fintech startup Bukalapak at this time introduced an undisclosed funding spherical by Mirae Asset-Naver Asia Growth Fund, a three way partnership between Seoul-based Mirae Financial Group and Naver, the corporate behind LINE Messenger service.

The announcement confirmed a report by DailySocial on January 10, which said that the corporate is ready to disclose a brand new funding spherical that features the participation of Naver Corp, following its ninth anniversary.

In a press assertion, Jikwang Chung, Head of New Growth Investment Mirae Asset Capital, stated that the corporate will help the expansion of Bukalapak via a collection of strategic collaboration.

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“We hope that this support will help accelerate our steps in creating tech innovation that will help elevate small businesses in Indonesia,” stated Bukalapak President and Co-Founder Fajrin Rasyid.

Starting off as a web-based market, the corporate has expanded into varied fintech verticals corresponding to gold and mutual funds commerce.

Bukalapak claimed to have greater than two million transaction taking place day by day on their platform, and the corporate anticipated this quantity to proceed on growing.

The firm has labored with 4 million small companies in Indonesia.

It has named EMTEK, Ant Financial, and GIC (Government of Singapore Investment Corporation) as its buyers.