Indonesian SaaS firm Mekari secures $50 million in funding

Oluwajuwonlo Afolabi -

Mekari, an Indonesia-based software-as-a-service (SaaS) firm has secured $50 million in its Series E funding round led by Money Forward with participation from other companies and existing investors.

  • The firm last raised $18 million in its Series D round led by Money Forward with participation from EV Growth and MidPlaza Holding.
  • Mekari provides cloud-based automation solutions for business operations in HR management, accounting, taxation, communication and customer relations.
  • Since it launched in 2015, the platform has recorded over 30,000 clients and more than 300,000 users.