A financial technology provider for education financing, PT Pinduit Teknologi Indonesia (Pintek), has received US$21 million debt facility from United States’ Accial Capital to Support Indonesia’ education ecosystem. The platform provides financial solutions for families in accessing all levels of education and vocational training through an installment program.

End of last year, the company has received funding led by Finch Capital, with participation from AccionVenture Lab and other investors, bringing the total equity of $5 million.Since its establishment in 2018 until now, Pintek has distributed education funding of more than Rp70 billion ($5.00 million) to more than 100 institutions and 3,000 students in 26 provinces in Indonesia.