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Vara raises $4.8M from investors like Go Ventures and Sequoia India’s Surge to digitize Indonesian SMEs’ payrolls – TechCrunch

If you follow startup news from Indonesia, you know that the country’s estimated 60 million small businesses are a hot target for tech companies. The company announced today it has raised $4.8 million in seed funding from Go Ventures, RTP Global, AlphaJWC, Sequoia Capital India’s Surge, FEBE Ventures and Taurus Ventures. It says more than 100,000 small businesses are already using Bukugaji. “Before downloading and onboarding on Bukugaji, the vast majority of our users utilized notebooks to mark attendance and track payroll,” Mahansaria said. The businesses Bukugaji serves often have workers who are unbanked, meaning they don’t have access to a bank account or traditional financial services.

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