This week, Barclays and Santander InnoVentures demonstrated traditional banks’ interest in alternative finance MarketInvoice wasn’t the only one landing support for its invoice finance operations: India’s M1Xchange and U.S.-based Apruve landed funding for their solutions and for expense management firms Mooncard and Jojonomic, as well as logistics company NEXT, which landed the largest investment round of the week at $97 million.
Jojonomic Finch Capital recently invested an undisclosed sum into Indonesia’s Jojonomic, a company that provides expense management and business management technology. Existing backers East Ventures and Golden Gate Ventures also participated, e27 reports said this week. The company first launched in Southeast Asia as an employee expense management solution, though the firm has expanded its offering to provide cloud-based solutions to promote productivity, manage procurement and digitize operations, with a suite of software solutions offered to SMBs and large corporates via Jojonomic Pro.
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