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.
Xurya is engaged in sourcing, developing, operating, and maintaining distributed solar projects.
Some of its recent investments include Bizzy, Cocowork, Warung Pintar, Coffee Meets Bagel, Bridestory, Fuse Nano and Antler.
The online rental startup is also looking to raise its next funding round by early next year.
Founded in 2013, Moca provides a free payment application on iOS and Android platforms for Vietnamese consumers.
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