iSeller, an Indonesian omni-channel sales SaaS platform, has secured an undisclosed sum in Series A round of financing, co-led by Mandiri Capital, the VC arm of Bank Mandiri in Indonesia, and Openspace Ventures, a leading VC firm in Southeast Asia.
The funds will be used for business expansion, including acceleration of merchant acquisition and on-boarding, as per a press statement.
iSeller is also doubling down on technology development to add additional omni-channel merchant solutions and features.
Established in 2017 by Jimmy Petrus, iSeller offers a cloud-based platform for omni-channel businesses by integrating in-store point of sale, online storefront, payment processing, order fulfilment and inventory management within a single interface.
Through its offerings, the startup aims to empower small and medium business owners with “an end-to-end digital ecosystem that allows them to manage and scale their businesses easier, faster and smarter”.
The company claims that it has doubled its revenue and active merchant pool, driven by an increased volume of online transactions during the COVID-19 period. It currently processes more than 5 million transactions a month.
iSeller would leverage on integrations with Mandiri’s products and services to provide merchants with a smooth and seamless transaction experience.
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