Cloud-Based POS Olsera Raises $2.5M From Kejora-SBI Orbit – Data Storage Asean

Olsera, a neighborhood cloud-based Level of Sale (POS) startup, has acquired US$ 2.5 million in seed funding from Kejora-SBI Orbit, a three way partnership capital fund led by Kejora Capital, one in all Southeast Asia's prime full-life-cycle funding companies, and SBI Holdings from Japan.

    Olsera has helped over 10,000+ MSMEs throughout 300 cities in Indonesia digitise their enterprise at scale. With this contemporary capital, Olsera seeks to strengthen its technological infrastructure, recruit extra abilities and speed up their service provider acquisition in one other 200 cities in Indonesia.

    Based on knowledge from Indonesia's Ministry of Cooperatives and Small and Medium Enterprises (Kemenkop UKM), 64.2 million MSMEs contributed 61% of the nation's GDP, or IDR 8.5 trillion in nominal worth. By 2024, the Indonesian authorities has set a lofty purpose of bringing over 30 million MSMEs into the digital economic system ecosystem. Based on the Indonesian E-Commerce Affiliation (idEA), over 16.4 million (54.7%) of those MSMEs had been successfully digitally enabled as of September 2021, with the speed of those MSMEs going digital within the nation rising by 2X throughout the COVID-19 epidemic.

    "As the most important contributor to our nation's economic system, MSMEs deserve loads of consideration to outlive and thrive by way of the pandemic and past. We intention to again Olsera and its founders who're dedicated to ahead their imaginative and prescient in stimulating the nation's digital economic system development," relayed Billy Boen, Fund Director of Kejora-SBI Orbit.

The street in direction of MSME digitalisation is not any simple path. Nonetheless, enterprise homeowners on this area face limitations in capital,

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