Finch Capital Leads Pintek's Follow-on Funding
The total funding has reached 70 billion Rupiah
Education-focused p2p lending platform Pintek announced undisclosed follow-on funding led by Finch Capital. Accion Venture Lab, as the previous investor in pre-Series A also involved in this round. There were several other investors involved without being mentioned.
It is said that the total funding that Pintek has received with this round has reached $5 million (over 70 billion Rupiah). The fresh funds will be used to develop products and technology, as well as continue education so that Indonesians are familiar with education loans.
Pintek's Co-Founder and SoCap's CEO, Ioann Fainsilber said, during the Covid-19 pandemic, Pintek services experienced strong growth with revenue increasing by 12 times from the beginning of the year to September 2020, compared to the same period last year.
Already have an account? Login
Not ready to subscribe yet? Purchase and access this article
Subscribe to keep reading and get unlimited premium article access with all subscription benefits
Subscribe and get:
- Access to premium articles
- Download paid research
- Premium newsletters
- Ads free
Choose your subscription period:
IDR 150,000 /month
Pay for a month
- IDR 450,000
IDR 350,000 /quarter
Pay for 3 months
- IDR 1,800,000
IDR 1,033,000 / year
Pay for a year
Sign up for our
newsletter