Indonesia-based e-commerce enabler, Opaper has raised US$1 million in a pre-seed round.
Investors in This Round
- Precursor Ventures
- Ratio Ventures
- OnDeck
- GFT Ventures managing partner, Jay Eum
- Bill.com Chief Experience Officer, Bora Chung
- Tenor founder, Frank Nawabi
Having the experience to run an online bakery before, Joan McIntosh launched Opaper in May 2021 to help small business owners in streamlining their social commerce.
Opaper is an e-commerce platform that allows entrepreneurs to create online storefronts, manage goods, and collect payments.
It has onboarded more than 19,000 online sellers, with monthly user growth of 60%.
According to McIntosh, most business owners still operate their businesses manually even though technology has evolved rapidly.
“Everything was the same with how I did it, I was just so baffled after working in tech for so many years, like why has nobody improved the process? Why is it still very manual? Why are you sending sellers payment, and then proof of payment like screenshots of bank transfers?" said Joan McIntosh, founder of Opaper.
The firm received the funding in 2021 and has used it to build its technologies and team.
It currently has a fully remote team of 27 employees and Opaper is available on both Android and iOS.
Opaper also intends to expand its supply chains and inventory management capabilities for vendors because many social commerce sales revolves around pre-orders.
