Durianpay, a rising star in the financial technology arena, is looking forward to an aggressive expansion on the back of strong financial performance for H1 2023. Founded in 2020, this fintech firm backed by AC Ventures has announced a remarkable five-time year-on-year growth since 2022, displaying a positive growth margin with an annualised total processing value (TPV) run rate of US$700 million.
The company’s impressive growth can largely be traced back to its innovative B2B product. This game-changing offering enables mid-market and large enterprises to entirely automate their invoice processing and manage incremental payments on sizeable invoices. “These businesses grapple with countless daily transactions and numerous large invoices. Our latest product provides them with an efficient solution to match specific inbound transactions with the appropriate invoice, facilitates incremental customer payments, and allows precise tracking of outstanding amounts on each invoice,” stated Natasha Ardiani, Durianpay’s co-founder and COO.
In an industry that is increasingly relying on tech-enabled platforms, Durianpay collaborates with both traditional and tech-based enterprises, including eFishery, Evermos, Carsome, GoWork, and Transtrack. These collaborations aim at offering automated financial collection solutions.
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As part of its expansion blueprint, Durianpay intends to amplify its 40-strong team, focusing particularly on product, tech, operations, finance, and business development departments. Furthermore, the fintech company is setting sights on enhancing the merchant experience, acknowledging the untapped potential of the B2B payments sector. Ardiani confirmed, “We’re committed to simplifying money flow among businesses by digitising, automating, and streamlining processes such as purchase orders, invoices, payment collection, tracking and reconciliation.”
Durianpay, after consulting B2B firms in Indonesia, is building a business payment solution that is a notch above their existing systems. This news is based on an article published on marketing-interactive.com.
