Here's CrediBook! This Indonesian startup helps wholesalers and SMEs digitize and grow, from bookkeeping and order tracking to inventory management and logistics support — all on one platform. Oh, and they just raised an $8.1M Series A!

Who cashed in? Monk's Hill Ventures led the round. Insignia Ventures Partners and Wavemaker Partners also joined in.

• Their last round was a $1.5M Pre-Series A in 2021 from Wavemaker Partners, Alpha JWC and Insignia Ventures Partners.

🔥  Building in(Credi)ble businesses

CrediBook. Say goodbye to recording all your transactions, payables and more with pen and paper! They've already recorded over 12M transactions to date.

• Even better? By helping businesses generate financial reports in minutes, they can get micro-loans approved by financial institutions faster than ever.
  

CrediMart. Their wholesale platform helps wholesalers quickly receive orders, easily manage stocks and promise next-day delivery.

• Partner retailers have increased revenue by 50% and increased their customer base by 56%.
  

It's great for retailers too! Order your inventory on just one app and get it delivered straight to you.

• Short on cash? CrediMart lets you buy now and pay later from its partner wholesalers.
  

CrediStore. Build a website for your online store for free, manage orders and monitor sales— all on your phone!

• Even get shareable product links you can post on social media, making it easier to share and market your products.

🤔  Why it matters

Indonesia has over 200,000 wholesalers serving 65M retailers in Indonesia, making up 60% of the country's GDP.

💰 What's with the $$$?

They're looking to expand nationwide, as well as focus on product development, hiring and acquiring new wholesale partners.