Paper.id to Complete Series B Funding Round, Launching a B2B Paylater Service

The B2B invoicing and payment platform "Paper.id" is currently fundraising for series B round and to be announced in early 2022. Paper.id's Co-Founder & CEO, Jeremy Limman said to DailySocial that the company is currently in the process of finalizing and plan to use the fresh funds to support product developments that have proven to be growing rapidly during this pandemic.

Paper.id's latest funding was in 2019 for the series A round from Modalku fintech and Golden Gate Ventures. In early 2018, they also received seed funding from Golden Gate Ventures.

Pandemic elevating business

The number of Paper.id users has grown almost 3 times since the beginning of the pandemic last year. The invoices that have been processed has reached the highest level over Rp9 trillion, this number is claimed to have increased by 2 times from the same period last year. ​Currently, Paper.id has 300 thousand users and is spread across more than 300 cities and regencies in Indonesia.