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Jakarta based mobile point-of-sale startup Cashlez has raised $2m in Series Seed funding led by Mandiri Capital. Its wireless card reader makes it easier for small and medium businesses to accept different types of card payments.
Competitors: Smartpesa, SoftSpace, GoSwiff How it compares to competitors: Cashlez says it distributes its solution through partnerships with banks. It’s also developing an integration with ewallets for digital payments. It already accepts Dimo Pay. Additional ewallets, like Go-Pay, are on the way. Traction Since taking up operations in 2016, Cashlez now works with more than 1,000 merchants, mainly in the retail and tourism industry. The plan for this year is to distribute around 4,000 card readers to Indonesian businesses. As part of the funding, it announced a partnership with Moka, which develops software that lets store owners keep track of orders and payments.
https://www.techinasia.com/cashlez-raises-2m-mandiri-capital
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