Same failure, better clothes: Matchmade.io on selling Indonesian finance tech in Singapore
There is a particular misery that visits finance departments in the last week of every month. The sales figure on the point-of-sale screen says one thing, the bank statement says another, and somebody has to explain the gap before the books close. Gilang Gibranthama, co-founder of Jakarta-based Matchmade.io, has built a business around that misery. […] The post Same failure, better clothes:…
Matchmade.io, co-founded by Gilang Gibranthama, has created a reconciliation platform to address the monthly finance discrepancies faced by sales and finance departments. Upon expanding to Singapore, Gibranthama discovered the same challenges, which he describes as "the same failure wearing better clothes." The platform integrates with banks, payment gateways, marketplaces, POS systems, ERP platforms, and internal databases to reconcile data in a single location.
It already processes transactions for various companies, including retail, financial services, and logistics names such as Bacha Coffee, Pizza Hut, and Wingstop.
Reconciliation, the process of ensuring that every transaction in one system matches its counterpart in another, has not been a headline act in Southeast Asia's fintech story. However, with the digital economy projected to reach US$300 billion in GMV in 2025, reconciliation is becoming increasingly important. Indonesia, where the digital payments race is entering a new phase, is a prime example of the need for better reconciliation services.
Matchmade.io claims the ability to reconcile over a million transaction records in under three minutes with up to 99% accuracy, reducing the time to spot discrepancies by up to 99.5%.
Matchmade.io's approach is particularly valuable for consumer brands with multiple outlets across several markets, as misattributed discrepancies can negatively impact campaign success. By consolidating reconciliation processes onto one engine, Matchmade.io aims to provide consistency and cost savings. The platform's success in Indonesia, where transaction volume and fragmentation are higher, gives it an advantage in the Singapore market, where procurement and security reviews are more stringent.
The company encourages founders to focus on presenting evidence of their solution rather than their origin story.
Written by urgent.news from e27's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
