Lummo, formerly known as BukuKas, is an online accounting application that provides a book-keeping solution that can record sales, expenses, accounts receivable, and debt.
Lummo helps micro and small enterprises monitor and manage their business more effectively and grow their profit faster.
Lummo was founded in 2019 by Krishnan Menon and Lorenzo Peracchione. The company is headquartered in Jakarta, Indonesia, with an office in Bangalore, India.
Lummo designed its bookkeeping solution to help MSMEs monitor their sales, profit, and credit. The company later expanded its business by launching LummoShop, an online direct-to-consumer commerce builder.
Lummo has onboarded about 7 million businesses so far and now has a total of over 4 million monthly active users. It claims its annualized bookkeeping transaction volume is over $30 billion USD.
Lummo is backed by Tiger Global, Sequoia Capital India, CapitalG, Saison Capital, Speedinvest, S7V, January Capital, Founderbank Capital, Cambium Grove Capital, and others. The company raised $80M in Series C round on Jan 19, 2022. This brings Lummo's total funding to $152M to date.