# PT Jojo Nomic Indonesia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pt-jojo-nomic-indonesia

- Industry: Software
- Headquarters: Jakarta, Indonesia
- Website: www.jojonomic.com
- Total disclosed funding: $7M
- Latest round: Series A (Jun 1, 2020)
- Investors on record: 5

## About

Based in Indonesia, PT Jojo Nomic Indonesia specializes in innovative solutions for enhancing financial management and operational efficiency, catering primarily to small and medium-sized enterprises.PT Jojo Nomic Indonesia, founded in 2015, is located in Jakarta, Indonesia. The company focuses on providing financial management solutions to businesses, specifically targeting SMEs. The founder, Abdul Sangadji, has a history of establishing innovative ventures. The firm has successfully executed 4 deals, with the most recent being a Series A funding round in June 2024, raising USD 4.412 mn led by Maloekoe Ventures. The total amount raised by the company stands at USD 4.412 mn, with a current valuation of USD 9.590 mn.Jojonomic is primarily focused on providing innovative solutions that enhance financial management and operational efficiency for businesses. Their core product offerings include a comprehensive financial management platform that streamlines budgeting, expense tracking, and reporting. This platform is designed to cater to a diverse clientele, particularly targeting small to medium-sized enterprises (SMEs) looking to optimize their financial processes. By improving visibility into cash flow and facilitating more informed decision-making, Jojonomic's solutions address critical pain points within financial management. The company serves clients across various industries, including retail, hospitality, and professional services, with a presence in geographical markets such as Southeast Asia and the Asia Pacific region.Jojonomic generates revenue through a subscription-based model, where clients pay for access to their financial management platform. This model allows for predictable recurring revenue, aligning the company's success with its clients' satisfaction and ongoing usage of the service. Transactions occur directly between Jojonomic and its clients, with businesses typically opting for annual or monthly subscription plans tailored to their specific needs. The flagship platform facilitates streamlined operations by integrating various financial tasks into a single user-friendly interface, which enhances overall user experience. By focusing on delivering value through its core services, Jojonomic establishes long-term partnerships with its clients, further solidifying its position in the market.Following its acquisition by PT Mid Solusi Nusantara in June 2024, PT Jojo Nomic Indonesia aims to enhance its offerings in digital solutions and services to support digital transformation and sustainable business growth in Indonesia. The recent funding will be utilized to accelerate product development and expand into new markets, particularly focusing on opportunities within Indonesia and potentially in broader Southeast Asian regions. This strategic direction underscores the commitment to leveraging digital solutions to meet the evolving needs of businesses in the region.

## Funding rounds

- Series A, Jun 1, 2020, $4.4M — Pegasus Tech Ventures, Golden Gate Ventures, East Ventures, Finch Capital, Maloekoe Ventures
- Series A, Oct 3, 2019, $2.5M — Golden Gate Ventures, East Ventures, Finch Capital
- Seed, Oct 8, 2015 — East Ventures

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed, Series A
- Golden Gate Ventures (https://capitalatlas.ai/funds/golden-gate-ventures) — Series A
- Finch Capital (https://capitalatlas.ai/funds/finch-capital) — Series A
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Series A
- Maloekoe Ventures (https://capitalatlas.ai/funds/maloekoe-ventures) — Series A