Pintek Raises $7m Series A to grow its Education Fintech Ecosystem in Indonesia
Pintek, an education fintech platform that provides innovative financial services to students, parents, education institutions, and education suppliers has raised a US$7 million Series A round funding. This brings the total equity and debt capital raised to more than US$35 million, to continue improving the access to education and livelihoods of unbanked/underbanked MSMEs in Indonesia.
New investors to the round include Kaizenvest, Heritas Capital, Blue7, and Earlsfield Capital. Existing investors Finch Capital, Global Founder Capital (GFC), Accion Venture Lab, Strive and Fox Ventures are also joining the round.
Since inception in 2018, Pintek and its affiliates have supported more than 2,750 education institutions and 100 education MSMEs to reach more than 650,000 students spread across 29 of 34 provinces in Indonesia and provide financial educational content to a community of 1,350,000 unique monthly visitors. Through its value-added technology and financial services, Pintek targets to impact 10 million customers in the ecosystem in the next five years.