While Go-Ventures, Skystar Capital and Paper.id declined to comment, Paper.id is a software-as-a-service (SaaS) startup that provides a one-stop platform for businesses to create invoices, and manage their accounting and inventory. The company particularly targets the small and midsize enterprise segment, which is still heavily dependent on manual methods to manage its business.

https://asia.nikkei.com/Spotlight/DealStreetAsia/Indonesian-invoicing-startup-Paper.id-raises-12m