Heritas Capital’s newly launched Venture Fund II co-leads US$7m Series A round in Indonesia’s leading education fintech platform Pintek to scale access to education
Heritas Capital, through its newly launched Heritas Venture Fund II, has joined the US$7m Series A funding round in Pintek, alongside Kaizenvest, Blue7, and Earlsfield Capital as well as existing investors Finch Capital, Global Founder Capital (GFC), Accion Ventures Lab, and Strive. The proceeds enable Pintek to maximize its contribution to the education ecosystem in Indonesia by hiring new talents to accelerate its product development, improve its technology platform, and strengthen its commercial reach.
“As a leading early-stage pan Asian impact investment fund, Heritas Capital is pleased to back Pintek in catalysing capital access to the underserved Indonesian education sector by providing solutions not only to students but also schools and suppliers, especially those impacted by the COVID-19 pandemic. Pintek’s tech-enabled ecosystem-funding approach enables credit data insight and superior lending decisions thereby driving a virtuous cycle of growth and impact resulting in enhanced access to education in Indonesia,” said Charis Goh, Director at Heritas Capital.
“We have identified edtech as an impactful investment sector to address underserved needs and enhance access to affordable and quality learning solutions at scale, especially amidst the pandemic. In the last 12 months, Heritas Venture Fund I has led investments into Cakap, a leading online language learning platform in Indonesia and ConveGenius, leading edtech startup in India. With the successful first close of Heritas Venture Fund II held early October, we are pleased to continue backing leading ventures such as Pintek to create and scale impact in the underserved education stakeholders across the region,” said Chik Wai Chiew, Executive Director and CEO of Heritas Capital.
Read about Pintek’s plans to contribute to Indonesia’s education ecosystem in the company’s press release.