- Briefing Your roundup of Asian tech and startup news that matter
Aditya Hadi Pratama · · 1 min readEducation-focused fintech lender bags $7m series A funding
Pintek, an Indonesia-based fintech firm focused on the education sector, has raised US$7 million in its latest funding round.
More funding details
- Lead investors: Kaizenvest and Heritas Capital
- Existing investors: Finch Capital, Global Founder Capital, Accion Venture Lab, Strive, and Fox Ventures
- Other investors: Blue7 and Earlsfield Capital
- Stage: Series A
More company updates
- The new money – which goes to Socap Holding, the parent company of Pintek – boosts the startup’s total equity and debt funding raised to date to over US$35 million.
- The fintech firm will use the fresh funds to hire more employees and expand its commercial reach.
- In the first half of 2021, Pintek’s loan volume saw a 5x surge compared to the same period last year.
-
The startup has supported over 2,750 educational institutions, and it has reached over 650,000 students.
- In January, Pintek raised a US$21 million debt facility from US-based private debt investor Accial Capital.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Miguel Cordon and Lorenzo Kyle Subido
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
