DANAdidik Gets Early Stage Investment from Garden Impact Investments

Platform crowdsourcingDANAeducated announce the acquisition of early stage funding or seed funding from Garden Impact Investments Pte Ltd (GII). DANAdidik did not provide information regarding how much funds were obtained. This funding will be used to improve business operations in general.

As is known, that DANAeducated trying to solve the problem of financing further studies (college) that is often experienced by the people of Indonesia. Through the platform, students can first borrow money to pay for college, then return it before or after they graduate.

"We really believe that the quality of education will have an impact on the Indonesian economy. With this investment, we want to have an impact for underprivileged students. We want to invite many corporations and other partners to help students through the DANAdidik platform," said Co-founder and CEO DANAdidik Dipo Satria.

From a business model perspective, students can apply for a loan of a maximum of IDR 10 million 12-18 months before graduation. If before the graduation period and/or the student has not earned an income, the student is able to repay the loan, they can get 0% interest relief.

Meanwhile, for those who are already earning, the scheme adopted is profit sharing with a range between 10% -30% depending on the amount of student income later. As for the tenor, it is at least 30 months after graduating from college.

DANAdidik itself is one of the startups assisted by the Indonesian Plug and Play acceleration program, and currently its services are registered with the OJK. When we contacted last August, DANAdidik claimed that it had received around 5 thousand applications from various locations in Kalimantan, Bali, West Java, East Java, to Bangka Belitung.