What is Moka?
Founded in 2015 and headquartered in Jakarta Bara, Asia, Moka is an Indonesian fintech startup dedicated to empowering small and medium businesses through its mobile point-of-sale (mPOS) solutions. The company's focus on providing accessible and efficient digital tools aims to streamline operations for SMEs, fostering their growth and integration into the digital economy. Moka's mission is to bridge the technological gap for smaller enterprises, enabling them to compete more effectively in an increasingly digital marketplace.
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 Convergence Ventures, Fenox VC, East Ventures, Wavemaker Partners, and Northstar Group
Private Equity (2017): $2M led by Fenox Venture Capital, Mandiri Capital Indonesia, East Ventures, Northstar Group, and Convergence Ventures
Series B (2020): $43M supported by Hillhouse Capital (高瓴资本)
Key Investors in Moka
Convergence Ventures
Convergence Ventures is a venture capital firm that likely focuses on early-stage technology investments, particularly within the Southeast Asian market, given its participation in Moka's funding rounds.
Fenox VC
Fenox VC is a global venture capital firm known for investing in early-stage technology companies across various sectors, including SaaS, AI, and fintech.
East Ventures
East Ventures is a prominent venture capital firm in Southeast Asia, focusing on supporting visionary founders from Seed to Growth stages. With over 300 portfolio companies, the firm emphasizes sustainable development and social impact through ESG-driven initiatives. It aims to invest in tech founders and disruptors across various sectors, fostering innovation and digital competitiveness in the region. East Ventures is recognized as the most active venture capital firm in Southeast Asia, committed to building a positive impact in the communities it serves.
What's next for Moka?
With a major enterprise-level funding context and a recent strategic investment, Moka is poised for significant expansion and product development. This capital infusion is expected to fuel Moka's efforts to enhance its mPOS platform, broaden its service offerings, and deepen its market penetration across Indonesia and potentially other Southeast Asian markets. The company's strategic direction will likely involve further innovation in digital payment solutions and business management tools tailored for the SME sector, solidifying its role as a key player in the region's burgeoning fintech ecosystem.
See full Moka company page
