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# Indonesian SaaS startup Majoo raises $10 million to improve enabling MSMEs
- URL: https://www.techloy.com/indonesian-saas-startup-majoo-raises-10-million-to-improve-enabling-msmes/
- Published: 2022-08-16T11:43:12.000Z
- Updated: 2022-08-16T11:43:12.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: SaaS, Majoo, MSMEs in Asia, MSMEs in Indonesia, AC Ventures, Quona Capital, BRI Ventures

[Majoo,](https://majoo.id/) an Indonesia-based software-as-a-service (SaaS) startup that is enabling micro small and medium enterprises (MSMEs) has raised $10 million in its Series A funding round, to improve its operations. 

- The fund will be used to expand its customer base, secure strategic partnerships, and improve its market penetration.
- Founded in 2019, Majoo is a SaaS solution for MSMEs, with a record of 35,000 registered Indonesian MSMEs and $970 million in processed transactions.
- Its product stack offerings include cashier systems, inventory management, accounting tools, and centralized management dashboards compatible with online selling in different e-marketplaces.
- AC Ventures, Quona Capital, BRI Ventures, and Xendit, existing investors participated in the round.