Heaptalk, Jakarta — MatchMade, a cutting-edge software startup specializing in ledger management solutions, announced that the company had obtained Pre-seed funding worth US$1.5 million from Vertex Ventures Southeast Asia and India (VVSEAI).
According to the management team, this capital injection marks a significant milestone for MatchMade to automate reconciliation and streamline business financial operations. Therefore, the startup will tackle the funds to build its critical infrastructure, expand its talent pool, and gain necessary licenses and certifications for the industry. In this aspect, the team observed that certifications enable the company to engage with industries that demand the highest data protection and accuracy standards.
MatchMade’s visionary founders, with backgrounds as early employees of Gojek and extensive experience in various startup ecosystems, have enhanced a specialized ledger management platform. In its long-term vision, the founders aim to lead the regional and global market by offering reconciliation services to businesses across Asia-Pacific, including Australia.
The MatchMade platform is designed to automate reconciliation processes, enabling businesses to match bank statements with their records effortlessly. In a market where companies increasingly seek ways to minimize costs and improve efficiency, MatchMade’s software system fills the gap by automating reconciliation, which is frequently manual or relies on other expensive software providers.
With this innovative service, this software-as-a-service (SaaS) startup has positively impacted its targeted market. Numerous companies, such as Ismaya Group, Gojek, FitHub, and Dailybox, have transformed their operations effectively by utilizing the MatchMade platform. As a result, the company claimed that its clients had saved the operations expenditure an average of five-fold compared to previous methods.
“We are thrilled to be part of MatchMade’s journey to redefine how businesses manage their finances. The accurate and efficient reconciliation need is paramount in today’s business landscape. The company’s service addresses a crucial pain point for enterprises by transforming the manual and complex task and enhancing its accuracy to real-time updates about its balance sheets.” affirmed the VVSEAI’s Executive Director, Joshua Agusta.
