Luna, a Jakarta, Indonesia-based embedded fintech and vertical SaaS platform for retailers and MSMEs, raised an undisclosed amount in funding.
The round was led by TNB Aura through its TNBA Scout initiative, with participation from Seedstars as well as existing investors 1982 Ventures, Century Oak Capital, and Prasetia Dwidharma.
The company intends to use the funds to recruit talent across all functions, expand to new cities in Indonesia, and invest in platform development.
Led by Abdullah Lewis, CEO, Patricco Baron (CTO), and Irianto Siah (COO), Luna provides an embedded fintech and vertical SaaS platform for retailers and MSMEs to improve their operations, payments, accounting, access to financing, supply chain, digital marketing, customer relationship, loyalty programs, HR, legal and compliance, empowering retailers to digitize their businesses and improve operational efficiency.
Its suite of solutions for retailers include: mobile point-of-sale system with a built-in enterprise resource planning (ERP)/accounting system (Luna POS); QRIS, debit, and credit card payment enablement (Luna One); financing support for MSMEs (Luna Capital); online web (TokoLuna); and digital supply chain solutions (Luna Mart); legal support, company registration, and patenting (Luna Legal); helping MSMEs to manage social media and advertising (Luna Ads); as well as HR management, loyalty programs, and customer relationship management offerings.
The company has established partnerships with major banks such as Bank Jawa Barat, CIMB Niaga, Bank Neo Commerce and Nobu Bank; P2P lenders Koinworks and Batumbu, and wireless network operator Smartfren.
Launched in late 2019, Luna currently covers over 70 cities in Indonesia, growing over 20% month-on-month with over 7,000 active merchants onboarded to date.
FinSMEs
12/10/2023