About Mekari
Mekari is a company based in Jakarta (Indonesia) founded in 2015.. Mekari has raised $71 million across 5 funding rounds from investors including Money Forward, MidPlaza and East Ventures. Mekari has completed 2 acquisitions, including Jojonomic and desty. Mekari offers products and services including Mekari Talenta, Mekari Jurnal, Mekari Qontak, Mekari Klikpajak, and Mekari Flex. Mekari operates in a competitive market with competitors including Intuit, Visma, Xero, Wave and FreshBooks, among others.
- Headquarter Jakarta, Indonesia
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Pt Mid Solusi Nusantara
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$71 M (USD)
in 5 rounds
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Latest Funding Round
$50 M (USD), Series E
May 13, 2022
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Investors
Money Forward
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Jojonomic
& 1 more
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Products & Services of Mekari
Mekari offers a comprehensive portfolio of products and services, including Mekari Talenta, Mekari Jurnal, Mekari Qontak, Mekari Klikpajak, and Mekari Flex. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for HR and employee management processes
Tool for accounting and supply chain management
Platform for CRM and omnichannel customer interactions
Software for employee and business tax handling
System for employee support and benefits administration
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Funding Insights of Mekari
Mekari has successfully raised a total of $71M across 5 strategic funding rounds. The most recent funding activity was a Series E round of $50 million completed in May 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series E — $50.0M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series E - Mekari | Valuation | Money Forward | |
| May, 2021 | Amount | Series D - Mekari | Valuation | Money Forward | |
| Jun, 2020 | Amount | Series C - Mekari | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mekari
Mekari has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Money Forward, MidPlaza and East Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm investing in Southeast Asian startups and publishing reports on technology and sustainability.
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Founded Year | Domain | Location | |
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Incubator and venture capital backed by Bank Mandiri
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Founded Year | Domain | Location | |
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Money Forward is engaged in providing financial technology solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mekari
Mekari has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Jojonomic and desty. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of e-commerce suit solutions for businesses
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2020 | ||||
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Cloud-based low-code platform for business process management is provided.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mekari
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mekari Comparisons
Competitors of Mekari
Mekari operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intuit, Visma, Xero, Wave and FreshBooks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Web-based accounting software is offered for business use.
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| domain | founded_year | HQ Location |
Cloud-based invoicing and accounting software is offered for businesses.
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| domain | founded_year | HQ Location |
Technology-enabled accounting and finance solutions are offered for SMBs.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mekari
Frequently Asked Questions about Mekari
When was Mekari founded?
Mekari was founded in 2015 and raised its 1st funding round 4 years after it was founded.
Where is Mekari located?
Mekari is headquartered in Jakarta, Indonesia. It is registered at Jakarta, Jakarta, Indonesia.
Who is the current CEO of Mekari?
Suwandi Soh is the current CEO of Mekari.
Is Mekari a funded company?
Mekari is a funded company, having raised a total of $71M across 5 funding rounds to date.
What does Mekari do?
Mekari was founded in 2015 in Jakarta, Indonesia, and operates in the software sector focused on HR and financial management. Solutions include Talenta for HR and payroll processing, Jurnal for accounting and bookkeeping tasks, Klikpajak for tax payments and reporting, and Sleekr for employee administration. These tools support business operations in the region.
What products or services does Mekari offer?
Mekari offers Mekari Talenta, Mekari Jurnal, Mekari Qontak, Mekari Klikpajak, and Mekari Flex.
How many acquisitions has Mekari made?
Who are Mekari's investors?
Mekari has 4 investors. Key investors include Money Forward, MidPlaza, East Ventures, and Mandiri Capital Indonesia.