Pintek Secures Investment to Help Students, Education Institutions Access Loans in Indonesia

Pintek Secures Investment to Help Students, Education Institutions Access Loans in Indonesia

Pintek, a fintech platform providing credit to students, their families and education institutions in Indonesia, has secured an undisclosed amount in a fresh financing round led by Finch Capital.

Accion Venture Lab and several unnamed angel investors also joined the round.

As per a press note, the proceeds will be used for the expansion of Pintek’s product and tech team, as well as to educate the domestic market on education loans.

The latest deal brings the total money raised by Pintek to nearly US$5 million.

Started in 2018, Pintek aims to improve the access to investments in education in the archipelago by providing financial access to all communities and educational institutions and their suppliers.

To date, it claims to have partnered with more than 190 institutions in the K-12, vocational, higher education and non-formal segments, and has distributed credit to customers across more than 26 provinces in the country.

Pintek, owned and operated by SoCap, looks to grow ventures that facilitate cooperation, exchange and innovation for social impact in the region.

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