Paper.id
Paper.id is an Indonesian B2B fintech platform offering free digital invoicing, payment collection and disbursement, corporate cards, accounting, and inventory tools to over 700,000 SMEs and select enterprises, monetizing via transaction fees, card interchange, and enterprise subscriptions.
- Company typePrivate
- Founded2016
- HeadquartersDki Jakarta, Indonesia
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Paper.id does
Paper.id (legal entity: PT Pakar Digital Global) is an Indonesian B2B fintech platform that provides digital invoicing, payment collection and disbursement, accounting, and inventory tooling to small and medium enterprises, with a secondary enterprise tier. The company was founded in 2016, is headquartered in Jakarta, and serves over 700,000 businesses across Indonesia. Its product architecture is platform-plus-modules, anchored on a free digital invoicing product with official PERURI e-Meterai integration (a regulatory requirement for invoices above IDR 5,000,000 under Indonesian Stamp Duty Law), a payment-collection layer (PaperPay In) supporting multiple methods including credit cards and installments, and a payment-disbursement layer (PaperPay Out, Paper XB) covering domestic supplier payments and cross-border payments to 50+ countries. The platform is built on cloud infrastructure (Google Cloud Platform) with an Open API for ERP integration, a native integration with Accurate accounting software, and an enterprise layer comprising Supplier Portal, Buyer Portal, and AI-assisted automation for invoicing, reconciliation, and financial reporting.
The business model combines freemium SaaS with transaction-based monetization: the free tier covers core invoicing and basic payments, while revenue is generated through payment facilitation fees, interchange on three co-branded corporate card products (PAPER*CARD*, Paper Horizon Card with up to 60-day tenor, and Paper Pioneer Card for early-stage businesses with IDR 50–100M limits), e-Meterai sales, and enterprise subscriptions sold via direct field sales. Distribution is hybrid: product-led self-serve via web and mobile apps for the SMB base, plus sales-assisted outreach for enterprise clients and an indirect channel through Accurate's accounting-software customer base. The company raised a US$30 million Series B in June 2024 led by Square Peg, with participation from Endeavor Catalyst, SMBC Asia Rising Fund, and Argor Capital, following a prior ~US$12M round in late 2022. Recent operating signals include a 30x+ expansion in Transaction Processed Value from 2021 to 2023, a reported 100x company-wide growth in 2.5 years, and a disclosed staff restructuring alongside continued new-product launches in 2024.
Paper.id firmographics
Firmographics- Name
- Paper.id
- Legal name
- PT Pakar Digital Global
- Website
- https://paper.id
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Paper.id is an Indonesian B2B fintech platform offering free digital invoicing, payment collection and disbursement, corporate cards, accounting, and inventory tools to over 700,000 SMEs and select enterprises, monetizing via transaction fees, card interchange, and enterprise subscriptions.
- Ownership category
- akta.pro rank
Paper.id industry classification
Industry- Product category
- B2B Fintech Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Credit Card Issuing (52221)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails) (FSAGABAJ)
- akta.pro secondary industry
- Corporate Cards & Spend Controls (FSAGAJAF)
Keywords
Where Paper.id is headquartered
LocationHeadquarters
- HQ city
- Dki Jakarta
- HQ country
- Indonesia
- HQ region
- Asia
Offices2 records
Markets served
Paper.id business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Freemium SaaS with Premium Tiers: Core invoicing features are free; premium features such as advanced reporting, multi-user access, and enterprise automation are paid. The platform also generates revenue from transaction fees on digital payments and credit card processing.
- Payment Facilitation: Revenue generated through payment processing fees when businesses use PaperPay In, PaperPay Out, and other digital payment solutions on the platform.
- Corporate Card Issuance: Revenue from credit card products including PAPER*CARD*, Paper Horizon Card, and Paper Pioneer Card through interchange fees and transaction processing.
- E-Meterai Sales: Revenue from selling official digital stamps (e-Meterai) from PERURI for legal invoice certification.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Free | Free tier for basic invoicing and digital payments |
| Subscription | Annual | Enterprise solution with AI automation and ERP integration |
| Transaction based/ take rate | Pay-as-you-go | Paper Pioneer Card virtual credit card |
| Transaction based/ take rate | Pay-as-you-go | Paper Horizon Card corporate expense card |
| Transaction based/ take rate | Pay-as-you-go | Paper XB cross-border payments |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Paper.id product offering
Product offeringCore offering
Paper.id provides a B2B fintech platform that lets businesses create, send, and manage invoices; collect payments through virtual accounts, QRIS, e-wallets, retail outlets, and cards; disburse payouts to vendors and employees; settle cross-border transactions; and issue corporate cards. The platform also delivers enterprise supplier/buyer portals, an Open API for ERP and accounting integration, and digital e-Meterai stamping via PERURI, serving Indonesian SMEs and large enterprises as an end-to-end financial operations workspace.
Product overview
Paper.id is a B2B invoicing and payment platform designed for Indonesian SMEs, offering a comprehensive suite of digital financial tools. The platform operates on a platform-plus-modules architecture anchored by Invoice Online (for creating digital invoices with e-Meterai) and Digital Payment products (PaperPay In for collections, PaperPay Out and Paper XB for domestic and cross-border supplier payments). The product line includes three business credit cards: PAPER*CARD* for combined personal/business use with cashback and miles, Paper Horizon Card for comprehensive corporate expense management with extended payment terms, and Paper Pioneer Card for new entrepreneurs with quick approval and Rp50-100 million limits. Enterprise Solutions extend the platform via Open API, Supplier Portal, and Buyer Portal for ERP integration and automated workflows. Complementary modules include free accounting software with Accurate integration, financial reporting, inventory management, bulk payment processing, and custom role-based access control. The platform serves over 700,000 businesses across industries including Food & Beverages, Construction, and Health & Beauty.
Differentiator
Problem solved
Functional benefit
Brands
- PaperPay In: Digital payment collection feature allowing businesses to send invoices and receive payments in real-time with various payment methods including credit cards and installments.
- PaperPay Out
- Paper XB
- PAPER*CARD*
- Paper Horizon Card
- Paper Pioneer Card
- Paper Enterprise Solution
Products and services
- Invoice Online Cloud-based digital invoicing tool that lets Indonesian businesses create, send, track, and reconcile invoices online, with multi-currency, multi-language, recurring billing, and e-Meterai stamping support.
- PaperPay In Receivables and payment-acceptance product enabling businesses to collect payments from customers via virtual accounts, QRIS, e-wallets, retail outlets, and debit/credit cards, with automatic reconciliation.
- PaperPay Out Payables and disbursement product that lets businesses pay suppliers, vendors, and employees in bulk through virtual accounts, with real-time status tracking and reconciliation.
- Paper XB Cross-border transaction product for settling international pay-ins and pay-outs with FX handling and multi-currency settlement for Indonesian businesses trading abroad.
- PAPER*CARD* Business credit card product for SMEs and enterprises that combines corporate spending with cashback rewards, monthly bill payments, and integration with the Paper.id invoicing and payment platform.
- Paper Horizon Card Corporate card product from Paper.id offering cashback, real-time monitoring, and integrated expense management for business spending.
- Paper Pioneer Card Virtual credit card product from Paper.id that lets users make online transactions quickly and securely, designed for business owners needing flexible virtual card issuance.
- Open API Public API that lets enterprises integrate Paper.id's invoicing, payment, and disbursement capabilities into their own ERP, accounting, or marketplace systems, including integrations with Accurate.
- Supplier Portal Enterprise supplier portal that allows large buyers to onboard suppliers, manage invoices, apply financing, and digitize procurement and payables workflows.
- Buyer Portal Enterprise buyer portal that lets sellers and suppliers reach large corporate buyers, submit invoices, and receive payments through Paper.id's integrated workflow.
- F&B Industry Solution Industry-tailored package of Paper.id invoicing, payment, and inventory tools configured for restaurants, cafés, and food and beverage businesses.
- Construction Industry Solution Industry-tailored package of Paper.id invoicing, payment, and project-tracking tools designed for construction companies and contractors.
- Health & Beauty Industry Solution Industry-tailored package of Paper.id invoicing, payment, and inventory tools configured for clinics, pharmacies, salons, and other health and beauty businesses.
Quantifiable outcome
- Over 30x Transaction Processed Value growth from 2021 to 2023
- +2 more outcomes
Companies that use Paper.id
Customer profileNamed customers17 records
Segments5 records
Ideal customer profiles1 record
Paper.id technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability3 records
Feature14 records
Paper.id partnerships and signals
Strategic signalPartnerships
15 partnerships are on record, tiered core and minor.
- PERURI (Perum Produksi Formulir Indonesia)coreExclusive partnership with PERURI for official e-Meterai digital stamps required for legal invoice certification in Indonesia. PERURI is the state-owned enterprise producing official government stamps and documents.
- VisacoreVisa partnership enables credit card payment processing on the Paper.id platform and issuance of Paper Horizon Card, PAPER*CARD*, and Paper Pioneer Card on the Visa network.
- Bank BRI (Bank Rakyat Indonesia)coreBank BRI partnership enables virtual account payments, fund transfers, and co-branded card issuance including Paper Pioneer Card. BRI is one of Indonesia's largest state-owned banks.
- BCA (Bank Central Asia)coreBCA partnership enables virtual account payments and bank transfer services for Paper.id payment processing.
- Bank MandiricoreBank Mandiri partnership enables virtual account and digital payment processing on the Paper.id platform.
- BNI (Bank Negara Indonesia)coreBNI partnership enables virtual account payments and digital payment services for Paper.id's payment ecosystem.
- BlibliminorBlibli integration allows Paper.id users to receive payments via Blibli marketplace channel, expanding payment options for SME merchants.
- Accurate (Saga Solusindo)coreAccurate accounting software integration enables seamless data synchronization between Paper.id invoicing platform and Accurate's accounting system, serving mutual SME customers.
- QRIS (GerakanQRIS)coreQRIS national QR code payment standard integration enables Paper.id merchants to accept QR payments from any QRIS-compatible e-wallet and banking app.
- Google Cloud PlatformcoreGoogle Cloud Platform partnership provides cloud infrastructure for Paper.id's platform operations, data storage, and scalability.
- OJK (Otoritas Jasa Keuangan)corePaper.id operates under regulatory supervision of OJK (Indonesia Financial Services Authority) as a licensed fintech platform.
- Bank IndonesiacorePaper.id is partnered with Bank Indonesia and operates under the PSE (Payment System Operator) designation, ensuring compliance with national payment regulations.
- ISO (International Organization for Standardization)minorISO certification indicates Paper.id maintains international standards for information security management.
- KAN (Komite Akreditasi Nasional)minorKAN accreditation certifies Paper.id's testing and calibration laboratory competence under Indonesian national standards.
- PCI DSS (Payment Card Industry Data Security Standard)corePCI DSS certification ensures Paper.id maintains the highest security standards for handling and processing payment card data.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Paper.id competitors and assessment
Company assessmentRegional players
- Razorpay: India's dominant B2B payments and merchant onboarding platform offering payment gateway, payouts, and lending. Comparable business model targeting emerging-market SMEs.
Direct peers
- Brex: Corporate card and spend management platform serving SMBs and enterprises. Comparable to Paper.id's Paper Horizon and PAPER*CARD* products for corporate expense + working capital.
- Xendit: Indonesia/SE Asia payment infrastructure platform offering multi-rail payment processing, disbursements, and APIs for businesses. Competes with Paper.id on payment orchestration and B2B collections.
- Bill.com: US-listed B2B platform for invoicing, accounts receivable/payable automation, and corporate cards. Closest global product analog to Paper.id's all-in-one invoicing + payments + card stack for SMEs.
- Mekari: Indonesia's leading cloud business software suite (accounting, payroll, invoicing) serving Indonesian SMEs and enterprises. Closest direct competitor to Paper.id's invoicing + accounting + payment modules.
- Flip: Indonesian B2B payment platform for corporate disbursements and supplier payments. Competes with PaperPay Out and Paper XB for cross-border B2B payouts.
Emerging players
- Accurate (CPSSoft): Leading Indonesian accounting software used by SMEs that Paper.id integrates with. A potential competitor if it expands deeper into invoicing/payments, and a key channel partner today.
- Privy: Indonesian digital identity and e-signature provider used by Paper.id for Paper Pioneer onboarding. Adjacent competitor/partner in SME digital onboarding and verification.
Broad incumbents
- KoinWorks: Indonesian fintech providing SME lending, P2P financing, and business credit products. Overlaps with Paper.id's corporate card and SME cash flow/credit mission.
- Stripe: Global payment infrastructure platform with APIs, multi-method acceptance, and embedded finance. Comparable to Paper.id's orchestration and API positioning for Indonesian SMEs.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Paper.id social profiles
Digital presencePaper.id compliance and trust
Trust signalCompliance2 records
Paper.id financial estimates
Financial estimateRevenue estimate
Valuation estimate
Paper.id leadership team
Management profileNumber of profiles
Profiles4 records
Paper.id funding detail
Funding detailFunding overview
Funding rounds4 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Paper.id M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Paper.id
What does Paper.id do?
Paper.id provides a B2B fintech platform that lets businesses create, send, and manage invoices; collect payments through virtual accounts, QRIS, e-wallets, retail outlets, and cards; disburse payouts to vendors and employees; settle cross-border transactions; and issue corporate cards. The platform also delivers enterprise supplier/buyer portals, an Open API for ERP and accounting integration, and digital e-Meterai stamping via PERURI, serving Indonesian SMEs and large enterprises as an end-to-end financial operations workspace.
Is Paper.id a public or private company?
Paper.id is a private company. It is classified as venture growth investor backed and is currently operating.
When was Paper.id founded?
Paper.id was founded in 2016. It employs 101 to 250 people.
Where is Paper.id based?
Paper.id is headquartered in Dki Jakarta, Indonesia, in the Asia region.
How does Paper.id make money?
Four revenue lines are on record. Freemium SaaS with Premium Tiers are the primary driver. The others are payment Facilitation, corporate Card Issuance and E-Meterai Sales.
Who are Paper.id's main competitors?
Razorpay is listed as a regional player. Direct peers are Brex, Xendit, Bill.com, Mekari and Flip. Emerging players are Accurate (CPSSoft) and Privy. Broad incumbents are KoinWorks and Stripe.
Does Paper.id have an API?
Yes. Paper.id offers an Open API for enterprise customers to integrate the platform with their existing business systems. The API enables system-to-system connectivity for automating invoicing, payment processing, and reconciliation workflows. Developer documentation is at www.paper.id/enterprise-solution/open-api.
What industry is Paper.id in?
Paper.id's product category is B2B Fintech Software. Its primary akta.pro industry code is FSAGABAJ, Alternative Payment Methods (APM) Enablement (Wallets, A2A, Local Rails), with a secondary code of FSAGAJAF, Corporate Cards & Spend Controls. Its NAICS code is 522320 and its SIC code is 7370.