Say hi to ErudiFi! This fintech startup helps students study now and pay later. Whether you're an undergrad student, postgrad student or looking to join a coding bootcamp — they've got you!

• It just raised a $15M round of debt funding from Singapore-based private investment fintech Helicap to support more students.
• Its last funding round was a $5M Series A last February co-led by Monk's Hill Ventures and Qualgro.

Haven't heard of them? They're better known by their local names Danacita ("Aspiration Fund") in Indonesia and Bukas ("Tomorrow/Open") in the Philippines.

🔤 ABCs of Erudifi

Launched in 2018, ErudiFi partners with universities and vocational schools to offer affordable tuition installment plans for their students.

• It's now partnered with over 100 higher education institutions and has financed over 12,000 students.

Why it matters. It's a win-win. Educational institutions get more students and retention (aka, more cash flow and less risk of closing down). On the other hand, students carry less debt because of ErudiFi's friendly installment terms. (I mean, the last thing SEA wants is a $1.7T student debt crisis...)

• ErudiFi helps schools keep students who would have been forced to drop out or not attend school at all.

📚 How it works

Just apply online, get verified and confirm your tuition installment application. Then, ErudiFi will cover 100% of your tuition and send it directly to your school.

• All you'll need to do is pay in 12 to 18-month installments, depending on your installment plan.
• Nope, there aren't any grade requirements. (We hope you still study hard, though. 🤓)

What does ErudiFi get out of all this? Each installment plan comes with a flat interest rate that starts at 1.5% monthly and a one-time service fee of 3%.