Payfazz has been backed by investors including MDI, Insignia Ventures Partners and Magic Fund in the past.
The investment in TMN comes after Alpha JWC led a Series A round of funding for another media startup, Nusantara Technology, in October.
In 2015, Adskom secured its Series A funding led by Japan's Geniee, and joined by Convergence and previous investor East Ventures.
Nusantara claims to be the first Indonesian startup in SaaS and online media industry to be accepted to Y Combinator.
The startup will deploy proceeds from the round on store expansion, R&D and mobile app development.
The upcoming funding round will give Cashlez additional firepower to fight off increasing competition in the mPOS space.
The Indonesia deal likely forms part of the firm's global strategy of divesting from non-core services in its portfolio.
EFI Hub is currently mentoring over 30 startups based out of Kenya, Rwanda, Nigeria and South Africa. Its portfolio comprises startups in the fintech,
PAYFAZZ is likely to secure the funding from Insignia Ventures Partners and DST Global, the Yuri Milner-owned investor in internet companies, as small
Rajamobil.com is owned and operated by PT King Car Media, an online media company based in Jakarta.
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