“We set out to create Orderfaz to provide new avenues for sellers and act as a one-stop shop for social commerce business to boost revenue, improve operations, and achieve efficient conversion rates,”
Heaptalk, Jakarta – Indonesia’s fintech startup for social commerce Orderfaz announced has raised undisclosed pre-seed funding, led by 1982 Ventures.
Obtaining new funding, the startup has prepared plan to boost its business, including:
- Strengthen its human resources department through recruitment
- Develop products, such as omnichannel e-commerce which assists sellers in managing their e-commerce account, such as Shopee, Tokopedia, and Tiktok.
- develop a customer loyalty program
- Expand market reach.
- Orderfaz is founded by Reynaldi Gandawidjaja (CEO), Mohamad Iqbal (CCO), and Jessica Alvina (Chief Product Officer) who was ex-senior executive of Evermos. Prior to Orderfaz establishment, the management team built the logistics platform, named Popaket which was acquired by Evermos.
Orderfaz was founded in March, 2023 and has cooperated with 600 sellers in only two months since its launch. The number of this growth is expected to increase exponentially perceiving the great potential of social commerce in Indonesia which was estimated to reach US$90 billion in 2028. Customers’ great appreciation and the tremendous potential of this business, further, lead the founders’ optimism to double its user base in the next month.
“We set out to create Orderfaz to provide new avenues for sellers and act as a one-stop shop for social commerce business to boost revenue, improve operations, and achieve efficient conversion rates,” said Reynaldi Gandawidjaja as cited in technode global (07/13).
Responding to this new collaboration, Managing Partner of 1982 Ventures, Scott Krivokopich, stated, “While we’ve seen others trying to tackle Indonesia’s social commerce space, Orderfaz is doing something different in the market. We are excited to work with Orderfazz team as they build new and innovative slutions for Indonesia’s booming social commerce sector”.