What is Paper.id?
Founded in 2016, Paper.id operates as a full-stack B2B invoicing and payment platform designed to optimize the financial operations of businesses. The platform facilitates the end-to-end management of documents, including sending, tracking, and matching, while simultaneously providing robust digital payment options and supply chain-based financing. A key differentiator for Paper.id is its technical versatility; the platform offers seamless integration with existing enterprise ERP systems via APIs, while also serving as a standalone, end-to-end solution for SMEs. This dual-approach strategy allows the company to effectively connect and digitize fragmented supply chains, reducing operational friction and enhancing liquidity for its diverse client base.
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 SMBC Asia Rising Fund, Incubate Fund, Go Ventures, Redbadge Pacific, Square Peg, and Skystar Capital
Key Investors in Paper.id
Incubate Fund
A venture capital firm dedicated to supporting ambitious entrepreneurs from the early stages of their challenges, focusing on building infrastructure that maximizes startup growth through capital and human resources.
Redbadge Pacific
The Asia-Pacific arm of a global alternative asset manager, providing institutional and family office capital to growing businesses with a focus on venture capital and strategic advisory.
Skystar Capital
An early-stage venture capital firm focused on empowering tech entrepreneurs in Southeast Asia and Indonesia through financial backing, strategic advice, and networking opportunities.
What's next for Paper.id?
With the infusion of this latest capital, Paper.id is poised to scale its technological infrastructure and deepen its penetration into the enterprise market. The strategic focus will likely center on enhancing its API capabilities to support more complex ERP integrations, thereby increasing the stickiness of its platform among large-scale corporate clients. Furthermore, the company is expected to expand its supply chain financing offerings, leveraging its proprietary data to provide more tailored credit solutions to SMEs. As the digital transformation of B2B payments continues to accelerate, Paper.id is strategically positioned to capture additional market share by providing a unified, efficient, and scalable financial backbone for modern commerce.
See full Paper.id company page
