ErudiFi raises $5 million Series A to provide trainees in Southeast Asia more education funding alternatives

by RJ Shara | Feb 23, 2021 | Fundings and Exit, Startups

Based in Singapore, ErudiFi wants to help more students in Southeast Asia stay in school by providing budget friendly financing
choices. The startup revealed today it has raised a$5 million Series A, co-led by Monk’s Hill Ventures and Qualgro. ErudiFi presently deals with more than 50 universities and occupation schools in Indonesia and the […]
ErudiFi currently works with more than 50 universities and occupation schools in Indonesia and the Philippines. Co-founder and primary executive officer Naga Tan informed TechCrunch that students in those countries have actually restricted funding choices, and frequently rely on pals or family, or casual payday lenders that charge high interest rates. By providing their students with budget-friendly financing plans, ErudiFi can increase retention rates at schools, assisting them keep trainees who would otherwise be forced to drop out due to the fact that of monetary issues….