JAKARTA - Pintek, a financial technology for education company that provides innovative financial services to students, parents, educational institutions and educational SMEs, yesterday secured a Series A funding round of US$7 million or IDR100 billion through its parent company, Socap Holding. Pte. Ltd. This brings the total funding raised to more than US$35 million, to continue to improve access to education and livelihoods for unbanked/underbanked MSMEs in Indonesia.
With this new funding, Pintek is taking a strategic step to maximize its contribution to the education ecosystem in Indonesia by recruiting new talent to accelerate product development, enhance technology platforms, and strengthen market reach.
New investors who entered this round were Kaizenvest, Heritas Capital, Blue7 and Earlsfield Capital. Meanwhile, previous investors, namely Finch Capital, Global Founder Capital (GFC), Accion Venture Lab, Strive and Fox Ventures also joined this round.
Since its establishment in 2018, Pintek and its affiliates have supported more than 2,750 educational institutions and 100 educational SMEs to reach more than 650,000 students spread across 29 of 34 provinces in Indonesia and provide financial education content to the public with 1,350,000 unique visitors every month. Having added value from technology and financial services, Pintek targets to contribute to 10 million customers in the ecosystem in the next five years. (LM)