[Updated] Erudifi Raises US $5 Million Series A to Grow Its ‘Study Now, Pay Later’ Model in Indonesia, Philippines
By Shagun Karki
Updates: This article has been updated with more details on the platform as communicated by co-founder Naga Tan
ErudiFi, a startup that provides access to affordable education financing in Southeast Asia, has raised US$5 million in Series B capital, co-led by Monk’s Hill Ventures and Qualgro.
The Indonesia-based startup will use the capital to make key hires across product and engineering, marketing and operations, business development, and data functions.
The company also has plans to scale its services, deepen its footprint in its existing markets (Indonesia and the Philippines), and accelerate product innovation.
Photo courtesy of Alireza Attari.
Source: e27 (link opens in a new window)