In a statement sent to JakartaDaily.id on Thursday, July 14, 2022, DOKU's Chief Operating Officer Nabilah Alsagoff said the Malaysian expansion is part of the company's efforts to reach a wider business segment, especially for small and medium enterprises.
Doku announced the overseas expansion after it received funding of $32 million from Apis Growth Fund II, a private equity fund managed by Apis Partners LLP, a UK-based asset manager.
"As a leading payments provider in Indonesia with the widest suite of online and offline payments products serving over 150,000 merchants, we look forward to offering our innovative products to similar businesses in Malaysia," Alsagoff said in a joint statement from DOKU and senangPay.
"We believe the opportunity to enter Malaysia is all the more attractive given the similar socio-cultural backgrounds of our two countries.”
DOKU, a payment platform established and registered under PT Nusa Satu Inti Artha in 2007, provides online and offline payment solutions and serves over 150,000 merchants across many industries, including TikTok, Google, Garuda, Prudential, and Traveloka.
DOKU said it secures five licenses from the Bank of Indonesia which enables the company to offer a variety of solutions, such as payment gateway, domestic fund transfers, cross border remittance, biller payments, e-money, e-wallet and QR code payments.