What is Paper.id?
Founded in 2016, Paper.id operates as a comprehensive B2B invoicing and payment platform designed to digitize the entire supply chain. The company provides a full-stack solution that enables businesses to send, track, and reconcile documents while facilitating seamless digital payment options. A key differentiator for Paper.id is its technical versatility; the platform offers deep integration with existing enterprise ERP systems via APIs, while simultaneously serving as an end-to-end solution for small and medium-sized enterprises (SMEs). By bridging the gap between traditional accounting and modern digital finance, Paper.id effectively reduces friction in supply chain-based financing and operational document management.
How much funding has Paper.id raised?
Paper.id has raised a total of $12M across 1 funding round:
Series B
$12M
Series B (2024): $12M with participation from Skystar Capital, Incubate Fund, Go Ventures, Redbadge Pacific, Square Peg, and SMBC Asia Rising Fund
Key Investors in Paper.id
Skystar Capital
Skystar Capital is an early-stage venture capital firm dedicated to empowering tech entrepreneurs in Southeast Asia and Indonesia through financial backing and strategic networking.
Incubate Fund
Incubate Fund is a venture capital firm that supports ambitious entrepreneurs from the early stages, providing both capital and human resource infrastructure to maximize startup growth.
Go Ventures
GoVentures, Inc. focuses on applying engineering principles to create safer and better solutions for the future, often targeting advanced engineering and innovation-led projects.
What's next for Paper.id?
With this major enterprise-level funding, Paper.id is poised to scale its operations and enhance its technological infrastructure. The strategic focus will likely center on deepening its ERP integration capabilities and expanding its suite of supply chain financing tools to meet the sophisticated demands of large-scale corporate clients. As the company transitions into this next phase of growth, the emphasis will remain on driving digital transformation across the B2B ecosystem, ensuring that Paper.id remains at the forefront of the automated payment and reconciliation market. The firm is expected to leverage this capital to strengthen its market presence in Southeast Asia and beyond, fostering long-term value for its stakeholders and enterprise partners.
See full Paper.id company page
