Durianpay, an Indonesia-focused payments solution business, has raised $2 million in round investment led by Sequoia India’s Surge, with participation from AC Ventures, Kenangan Fund, and unidentified angels.
Antara Sara Mathai, Kumar Puspesh, and Natasha Ardiani started the company in Jakarta in September 2020.
The Indonesian payments sector is fragmented, laborious, and mobile-unfriendly. Due to time-consuming, error-prone, and fraud-prone manual procedures, it frequently leads to significant cart abandonment rates at checkout. Durianpay intends to solve this problem by offering a one-stop-shop for “frictionless checkout and easy-to-integrate contemporary APIs and dashboards” for small e-commerce companies.
Businesses and developers may use the company’s no-code interface to access a wider choice of payment methods. Through a single integration, businesses may develop processes that put the merchant’s payment infrastructure on autopilot. Checkout and payment can both be customized.
It claims that their solution solves complicated integrations, laborious reconciliations, and excessive prices by working across different payment gateways and suppliers. Businesses may now integrate third-party fraud, Know Your Customer (KYC), CRM, and BI solutions straight into the system without putting additional strain on their product, finance, or IT teams.
Durianpay has gained more than 15 corporate clients in Indonesia since its inception, thanks to innovations including split payments and multi-branch settlements.
Surge’s fifth batch of 23 startups includes Durianpay, which has pioneered innovative digital solutions to assist businesses and individuals better live, work, and study in a fast-changing Southeast Asian context.
