With this outstanding accomplishment, Durianpay plans to expand its team of 40 to accommodate for projected growth.
Heaptalk, Jakarta — AC Ventures-backed licensed payment orchestrator platform, Durianpay announced its remarkable financial performance in the first half of 2023, following the company’s further plan to expand the business reach this year.
This startup revealed its impressive financial trajectory, marking a five-fold year-on-year (YoY) since 2022 and a positive gross margin since its first operating year. Set to report a three-fold Total Processing Value (TPV) for the first half of this year; this fintech startup credits the uptick to its latest business-to-business (B2B) product that allows mid-market and large enterprises to automate its invoice processing completely and even process seamless incremental payments on large invoices.
Durianpay’s Co-Founder and COO, Natasha Ardiani, voiced, “The companies we worked with often deal with hundreds and thousands of daily transactions and many large invoices simultaneously. More terribly, customers need to pay this great amount of these invoices incrementally. In the past, this kind of high-touch tracking, matching, and organization work would mean increasing an in-house finance team’s headcount.”
With its latest enterprise-centric product, Durianpay’s Co-Founder claimed businesses practitioner can instantly match specific inbound transactions with their corresponding invoices, allowing for incremental customer payments and comprehending precisely how much is still owed on each invoice.
The company’s business model to provide an enterprise-centric solution has seized fantastic recognition from its enterprise clients, such as eFishery, Evermos, Carsome, GoWork, and Trastrack, due to the platform’s automation capabilities from invoice issuance to payment collection and reconciliation.
From now on, with this outstanding accomplishment, Durianpay plans to expand its team of 40 to accommodate for projected growth. To support its business continuity, the company will make new hires across product, tech, operations, finance, and business development teams, focusing on enhancing the merchant experience.
Strengthening the B2B-focused payment system
The company, headquartered in Singapore and Indonesia, has innovated in the Southeast Asian B2B payments landscape by providing businesses and developers with a broader range of payment options and a no-code interface to create workflows that put the merchant’s payment infrastructure on autopilot.
This financial technology startup proffers one of the most versatile payment methods for receiving and disbursing B2B payments in the country. The startup is claimed to be the only payment service provider in the market with connections with the top ten banks and the top five e-wallets. By giving this peculiar product, Durianpay continues to amplify its sustainable intention to develop the payment infrastructure over the past year and a half.
“One-time integration through a single Application Programming Interface (API) with the Durianpay platform, 24/7 technology, customer support, and a unique blend of features such as B2B checkout make us a preferred choice for large enterprises. We are already outperforming existing solutions that require complex integration, manual reconciliations, and high expenses,” added Natasha.
This Singapore-based startup will double on vertical-specific solutions after identifying the untapped potential in the B2B payments sector. The company makes the flow of money to simplify businesses by digitizing, automating, and streamlining processes like purchase orders, invoices, payment collection, invoice tracking, and reconciliation.
As delivered by the Co-Founder of Durianpay, Antara Sara Mathai, “Before constructing these solutions, we have conducted a discussion with several B2B practitioners, both traditional and modern, to create an adequate payment system over their existing solution. We envision becoming a full-stack B2B-focused payment and financing layer that digitizes, automates, and facilitates the capital flow across the supply chain,”
