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///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops///LATE STAGE • Sociolla • US$ 250M • Commerce///POLICY • Gold Export Duties: Progressive Reference-Price Ladder Kicks In///SERIES A • Hangry • US$ 10.5M • F&B///POLICY • Coal Export Tax 2026: Indonesia Signals a New Resource-Rent Phase///SERIES B • Honest • Undisclosed • Fintech///POLICY • Export FX Repatriation: Proceeds Routed Through State Banks From 2026///SEED • Arummi Foods • US$ 2M • F&B///POLICY • OJK POJK 4/2025: Financial Aggregators Move Into a Licensing Regime///PRE-SEED • IDRX • US$ 300k • Web3///POLICY • Finfluencer Rules: OJK Tightens Conduct Around Securities Marketing///SERIES C • Yup • US$ 32M • Fintech///POLICY • Dormant Accounts: New Standardization Changes Bank Data and Ops
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Mekari
Series E

Jakarta| Est. 2015

Subscription-based SaaS revenue from Talenta (HR/payroll), Jurnal (accounting), Klikpajak (tax compliance), and newly acquired products. $97.5M revenue in 2024.

SectorB2B SaaS
Total FundingUS$ 83M
ValuationCentaur-level

Investment Thesis

"MSME digital transformation creates massive SaaS opportunity. Integration across HR, finance, and tax creates sticky enterprise relationships."

Recent Signals

  • 01$97.5M revenue (2024).
  • 0235K+ clients.
  • 03Acquired Jojonomic and Desty.
  • 04Expanding product suite.

Key People

  • S
    Suwandi Soh
  • D
    Daniel Nugroho

Cap Table

EV GrowthEast Ventures Money ForwardMandiri Capital

Verified Funding History

RoundDateAmountParticipating Investors
Series EMay 2022US$ 50MMoney Forward (lead), East Ventures, Mandiri Capital, Alto Partners, Prasetia
GrowthMay 2021US$ 50MMoney Forward, East Ventures

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