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Jakarta Post

Start-up Pintek secures $21m debt facility from US-based Accial Capital

  • Eisya A. Eloksari

    The Jakarta Post

Jakarta   /   Tue, January 12, 2021   /  03:08 pm
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Illustration of fintech.(Shutterstock/File)

Fintech lending platform for education Pintek announced on Monday that it had secured a US$21 million debt facility from Accial Capital, a United States-based impact-focused private debt investor. The start-up plans to use the facility to increase the accessibility and inclusivity of educational financing in Indonesia. “We are excited to partner with Pintek’s team, which has built the leading financing platform for the Indonesian education ecosystem. We are thrilled to support Indonesia’s education system through our partnership with Pintek,” Accial Capital chief investment officer Michael Shum said in a press statement on Monday. He added that building a solid education system was a crucial and sound economic step for the development of a country. Read also: Regulators, fintech companies work to balance innovation, regulation Pintek provides loans ...