Durianpay, a Singaporean and Indonesian payments orchestrator, has announced plans for expansion following an exceptional financial performance in the first half of 2023.
Backed by AC Ventures, Durianpay demonstrated a 5x YoY growth and a 3x TPV surge, attributed to its latest B2B product, which automates invoice processing for mid-market and large enterprises.
The innovation allows businesses to match transactions with invoices, track incremental payments, and monitor outstanding dues. According to Co-founder and COO, Natasha Ardiani, this addresses a major pain point in the market: the manual tracking, matching, and organization of large-scale and incremental transactions.
“Durianpay’s enterprise-centric product removes the need for an increased finance team’s headcount. It allows businesses to automate these processes and better manage their payment infrastructure,” Ardiani explained.
Durianpay plans to expand its 40-strong team across various fields, prioritizing an enhanced merchant experience.
Ardiani added, “Durianpay, with its single API integration, 24/7 tech support, and B2B checkout, outperforms solutions that require complex integration, manual reconciliations, and high costs.”
Durianpay’s commitment to enterprise-centric solutions has garnered them clients from tech platforms and traditional enterprises such as eFishery, Evermos, Carsome, GoWork, and Transtrack.
Co-founded by Antara Sara Mathai, Kumar Puspesh, and Natasha Ardiani, Durianpay has uniquely positioned itself in the Indonesian B2B payment sector. Antara added, “We envision becoming a full-stack B2B-focused payments and financing layer that digitizes, automates, and eases capital movement across the supply chain.”
Durianpay offers a versatile array of payment methods and is the only provider in the market with connections to the top ten banks and top five e-wallets, thanks to a steadfast commitment to developing and enhancing its payment infrastructure. Now, the firm aims to double down on vertical-specific solutions in the untapped B2B payments sector.
AsiaTechDesk
