AC Ventures, Kenangan Fund join Durianpay’s US$2M round led by Surge

Durianpay, an Indonesia-focused payments solution startup, has secured US$2 million in funding led by Sequoia India’s Surge, with AC Ventures, Kenangan Fund, and unnamed angels joining the round.

The startup was founded in September 2020 in Jakarta by Antara Sara Mathai, Kumar Puspesh, and Natasha Ardiani.

Indonesia’s payments industry is fragmented, manual, and not mobile-optimised. It often leads to high cart abandonment rates at checkout due to time-consuming, error and fraud-prone manual steps. Durianpay aims to address this problem by providing small e-commerce merchants with a one-stop solution for “frictionless checkout and easy-to-integrate modern APIs and dashboards”.

The firm offers businesses and developers access to a broader range of payment options and a no-code interface. Companies can create workflows that put the merchant’s payment infrastructure on autopilot through a single integration. Checkout and payment are customisable.

Also Read: Kopi Kenangan founders launch angel fund to support Indonesian startups

It claims its solution works across multiple payment gateways and providers, solving complex integrations, manual reconciliations, and high costs. Businesses can now connect third-party solutions for fraud, Know Your Customer (KYC), CRM, or Business Intelligence directly into the system without creating additional burden on their product, finance, or tech teams.

Since its launch, Durianpay has won more than 15 business clients in Indonesia, utilising innovations such as split payments and multi-branch settlements.

Durianpay is part of Surge’s fifth cohort of 23 companies that have developed new digital solutions to help companies and individuals live, work and learn better in a rapidly evolving Southeast Asian landscape.

—

Image Credit: Durianpay