The investment will see both companies expedite their business expansion more rapidly in the areas of technology development, product innovation as well as sales and marketing.
Publicly-listed DIVA aims to modernize small and medium enterprises operating in Indonesia, empowering them with both technology and innovative products.
The company provides a unified multi-payment device called DIVA Smart Outlet (OS) that can process various cash and non-cash payments as “point-of-sale” (POS) and offers digital products, as well as an AI-empowered integrated messaging platform called DIVA IIM, which rides on popular applications such as WhatsApp, LINE, Telegram, and Facebook Messenger.
Pawoon, meanwhile, offers a software and hardware solution to Indonesian small and medium enterprises, allowing businesses to manage their inventory and payment. The company, which raised its Series A funding round from local VC Kejora Ventures last year, is utilised by more than 10,000 merchants, spread over 200 cities nationwide.
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