BukuWarung: Accounting-payments app targets Indonesia's 60m MSMEs

Indonesia

4 min read

Sep 04, 2020

By Marcel Thee

Focusing on MSMEs, BukuWarung is the latest app to help shopkeepers keep track of their finances, sales and operations ©BukuWarung

BukuWarung’s easy-to-use 6MB app designed for lower-end smartphones gets boost from Covid-19-accelerated digitalization

A flurry of prominent VC and angel investors have flocked to bet on Indonesia’s latest fintech star BukuWarung. They expect its accounting and payments solution for small businesses to fly as the Covid-19 pandemic accelerates the digitalization of the micro, small and medium-sized enterprises (MSMEs) sector that accounts for over 60% of Indonesia’s economy.
The Finance Ministry has allocated over $2.4bn to help MSMEs survive the crisis and save jobs as part of the National Economic Recovery Program.
“We’ve seen hyper growth despite Covid-19, as more and more microbusinesses are coming on...

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