January 11th, 2021, Jakarta, Indonesia — Pintek, a fintech platform that provides credit to students and their families, educational institutions, and their suppliers, raised a $21 million debt facility from Accial Capital, a US-based impact-focused private debt investor. With this debt facility, both Pintek and Accial Capital hope to further accelerate the penetration of educational financing and contribute to a more accessible and inclusive educational ecosystem in Indonesia.
According to the Indonesian president, Joko Widodo, higher education is a key pillar in nurturing human resource development and a competitive young generation. To support this vision, Pintek provides financial solutions for…
Bogota, September 1, 2020 — Aflore, a Bogota-based fintech startup, raised up to $10 million in debt from the private debt impact investor Accial Capital.
Founded in 2012 by Polymath Ventures, Aflore seeks to leverage technology and an innovative business model to expand access to formal financial services for Colombia’s 30 million unbanked population. It is building a tech-enabled direct sales channel that supports thousands of Informal Advisors who offer loans and simple financial products to households within their trusted network. Aflore’ s goal is to empower thousands of microentrepreneurs — a majority of whom are women — to “blossom”…
Jakarta, 20 July 2020 — AwanTunai, an Indonesian fintech startup, has raised up to US$20 million in a debt facility to finance loans to suppliers and micro-merchants led by private debt investor Accial Capital.
Founded in 2017 by Dino Setiawan, Windy Natriavi, and Rama Notowidigdo, AwanTunai seeks to digitize Indonesia’s offline, fast-moving consumer goods (FMCG) and food supply chain by providing micro-merchants access to supply chain financing services. Leveraging valuable merchant transaction data that is predictive of credit performance, AwanTunai can originate low-interest financing to this underserved and unbanked segment.
Accial Capital is an impact-focused, tech-enabled investor in consumer & SME loan portfolios in emerging markets