LUNA, a Jakarta, Indonesia-based embedded fintech and vertical SaaS platform for retailers and MSMEs, has completed a financing round.
SaaS Investors
The round was led by TNB Aura through its TNBA Scout initiative, with participation from Seedstars as well as existing investors 1982 Ventures, Century Oak Capital, and Prasetia Dwidharma.
Founded in 2017, TNB Aura is a venture capital firm based in Singapore. The firm prefers to invest in the Southeast Asia region.
LUNA Use of Funds
The company plans to use the funding to recruit talent, expand to new cities in Indonesia, and invest in platform development.
About LUNA
Launched in late 2019 and led by Abdullah Lewis (CEO), Patricco Baron (CTO), and Irianto Siah (COO), LUNA is a cashier and accounting software intended for managing business activities such as restaurants or cafes. LUNA's platform covers a wide range of solutions for retailers, including point-of-sale systems, payment enablement, financing support, supply chain solutions, legal and compliance support, HR management, and customer relationship management. The company has established partnerships with major banks such as Bank Jawa Barat, CIMB Niaga, Bank Neo Commerce, and Nobu Bank; P2P lenders Koinworks and Batumbu, and wireless network operator Smartfren.
LUNA currently covers over 70 cities in Indonesia, growing over 20% month-on-month with over 7,000 active merchants onboarded to date.
Funding Details
Company: PT. LUNA APPLICATION INDONESIA
Raised: Undisclosed
Round: Unknown
Funding Month: October 2023
Lead Investors: TNB Aura
Additional Investors: Seedstars, 1982 Ventures, Century Oak Capital, and Prasetia Dwidharma
Company Website: https://www.lunapos.id/
Software Category: Cashier and Accounting Software
Source: https://financialit.net/news/fundraising-news/luna-raises-funds-tnb-aura-and-seedstars-become-indonesias-vertical-saas