# Paper.id

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paper-id

- Industry: Software
- Headquarters: North Jakarta, Indonesia
- Website: www.paper.id
- Total disclosed funding: $31M
- Latest round: Series B (Jun 14, 2024)
- Investors on record: 11

## About

Founded in 2017 and based in Jakarta, Indonesia, PT Pakar Digital Global, trading under the name Paper.id, operates as the developer of an accounting platform. The company was founded by CEO Yosia Sugialam and CPO Jeremy Limman. In June 2024, Paper.id raised series B funding led by Square Peg, with participation from SMBC Asia Rising Fund. Argor also participated in the round.

The company’s digital invoicing and payment platform offers invoicing, accounting, digital payment, expense tracking, and inventory solutions for small to medium enterprises to manage their financial operations. Some of its features include creating and managing sales invoices, sending invoices via WhatsApp, email, or SMS, setting up payment reminders for timely payments, and tracking transactions using different payment options. Its products, which include PaperCard, Paylater, PaperPay In, and PaperPay Out, assist users in managing their cash flow. Its client base includes companies operating in service providers, retailers, and the food and beverage industry sector.

The company generates revenue by charging a percentage, ranging from 0.7% to 1.55% of the transaction amount based on each payment method. The company also has six-month to one-year subscription packages for some of its products, which start at IDR 99,600 per month.

## Funding rounds

- Series B, Jun 14, 2024, $16M — Square Peg, Argor, SMBC Asia Rising Fund
- Series B, Feb 9, 2024, $12M — Skystar Capital, Argor, Sinar Mas Land, Redbadge Pacific, Living Lab Ventures, BM Prime Capital LLC
- Series A, Jul 22, 2019, $2.9M — Golden Gate Ventures, PT Mitrausaha Indonesia Group, Funding Societies Pte. Ltd.

## Investors

- Golden Gate Ventures (https://capitalatlas.ai/funds/golden-gate-ventures) — Series A
- PT Mitrausaha Indonesia Group — Series A
- Funding Societies Pte. Ltd. — Series A
- Skystar Capital (https://capitalatlas.ai/funds/skystar-capital) — Series B
- Argor (https://capitalatlas.ai/funds/argor) — Series B
- Sinar Mas Land — Series B
- Redbadge Pacific (https://capitalatlas.ai/funds/redbadge-pacific) — Series B
- Living Lab Ventures (https://capitalatlas.ai/funds/living-lab-ventures) — Series B
- BM Prime Capital LLC — Series B
- Square Peg (https://capitalatlas.ai/funds/square-peg) — Series B
- SMBC Asia Rising Fund — Series B