Indonesia's Mekari raises $50m led by Japanese fintech firm Money Forward

Indonesia's Mekari raises $50m led by Japanese fintech firm Money Forward

Mekari founders Anthony Kosasih (left) and Suwandi Soh. (Photo courtesy of Mekari)

Mekari, an Indonesian SME-focused SaaS startup, has raised $50 million in a funding round led by Money Forward Inc as it expands its capabilities into financial technology (fintech) services, the company said in a statement on Friday.