Financing: Indo's Higher Education Bottleneck with Naga Tan of ErudiFi episode artwork

EPISODE · Oct 10, 2022 · 26 MIN

Financing: Indo's Higher Education Bottleneck with Naga Tan of ErudiFi

from Indo Tekno Podcast · host Alan Hellawell

Naga Tan, Co-Founder & CEO of ErudiFi, joins Indo Tekno to discuss solutions to Indonesia's extraordinarily depressed tertiary enrolment rates (~36%), one of the lowest in the region (eg: Thailand 60%, Singapore 90%). ErudiFi leverages alternative data to extend education financing in markets such as Indo and the Philippines (collective TAM of USD5b), in order to help increase enrolment and accelerate industry growth. Cash/informal loans often carry high interest rates while school internal instalment plans are limited. ErudiFi offers 0%-1.5% monthly interest rates, usually grants approvals within a day, and offers students a more generous tenor of 6-24 months. The platform seeks to fund over 300,000 Indonesian students by 2024.

Naga Tan, Co-Founder & CEO of ErudiFi, joins Indo Tekno to discuss solutions to Indonesia's extraordinarily depressed tertiary enrolment rates (~36%), one of the lowest in the region (eg: Thailand 60%, Singapore 90%). ErudiFi leverages alternative data to extend education financing in markets such as Indo and the Philippines (collective TAM of USD5b), in order to help increase enrolment and accelerate industry growth. Cash/informal loans often carry high interest rates while school internal instalment plans are limited. ErudiFi offers 0%-1.5% monthly interest rates, usually grants approvals within a day, and offers students a more generous tenor of 6-24 months. The platform seeks to fund over 300,000 Indonesian students by 2024.

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Financing: Indo's Higher Education Bottleneck with Naga Tan of ErudiFi

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This episode is 26 minutes long.

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This episode was published on October 10, 2022.

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Naga Tan, Co-Founder & CEO of ErudiFi, joins Indo Tekno to discuss solutions to Indonesia's extraordinarily depressed tertiary enrolment rates (~36%), one of the lowest in the region (eg: Thailand 60%, Singapore 90%). ErudiFi leverages alternative...

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