What is Moka?
Founded in 2015 and headquartered in Jakarta, Indonesia, Moka has established itself as a key player in the nation's fintech sector. The company's core offering is a mobile point-of-sale (mPOS) system designed to empower small and medium-sized businesses with digital transaction capabilities. By providing accessible and user-friendly technology, Moka aims to bridge the digital divide for SMEs, enabling them to streamline operations, enhance customer engagement, and participate more effectively in the digital economy. The company's focus on this underserved market segment has been a critical factor in its sustained growth and ability to attract substantial investment.
How much funding has Moka raised?
Moka has raised a total of $46.9M across 3 funding rounds:
Series A
$1.9M
Private Equity
$2M
Series B
$43M
Series A (2016): $1.9M with participation from East Ventures, Northstar Group, Fenox VC, Convergence Ventures, and Wavemaker Partners
Private Equity (2017): $2M led by Fenox Venture Capital, Convergence Ventures, Northstar Group, East Ventures, and Mandiri Capital Indonesia
Series B (2020): $43M supported by Hillhouse Capital (高瓴资本)
Key Investors in Moka
Fenox Venture Capital
Fenox Venture Capital is a global venture capital firm that invests in early-stage technology companies. They focus on identifying disruptive innovations and supporting entrepreneurs with the potential for significant global impact.
Convergence Ventures
Convergence Ventures is a venture capital firm that operates in the Venture Capital & Private Equity industry, focusing on early-stage technology investments in Southeast Asia.
Northstar Group
The Northstar Group is a Singapore-headquartered private equity firm dedicated to investing in growth companies in Indonesia and Southeast Asia, with a strong track record in actively growing its portfolio companies.
What's next for Moka?
With the recent major strategic investment, Moka is poised for accelerated growth and innovation. The company is likely to leverage this capital to enhance its mPOS platform, expand its service offerings, and deepen its market penetration across Indonesia and potentially other Southeast Asian markets. Strategic partnerships and further technological advancements are anticipated as Moka continues to solidify its position as a leader in the SME fintech space. The ongoing commitment from investors signals strong confidence in Moka's business model and its potential to drive digital transformation for small businesses.
See full Moka company page
