Titik Pintar, a startup that aims to improve learning outcomes for Indonesian elementary school children via its online tools, announced today that it has closed an undisclosed sum in its first institutional investment from Indonesia Women Empowerment Fund (IWEF).
The financing will allow the edutech startup to continue on its growth path, improving its service for children, parents and teachers. It also looks to grow its collection of interactive lessons and educational videos via its SahabatPintar.id website.
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“With the support of IWEF, Titik Pintar is able to build even better products for elementary school children in Indonesia. We believe we can help kids have fun while learning,” said Robbert Deusing, CEO and Founder of Titik Pitar.
“We were very humbled to see the strong traction of Titik Pintar last year, we got a lot of good feedback from students, parents and teachers. 2020 was difficult for everyone, and we worked hard to deliver fun educational content to Indonesian kids nationwide. We are confident to grow our user base in 2021 to 250,000 with the support of our strategic partners,” Deusing added.
Titik Pintar provides an ecosystem for edutainment. Tailored for every elementary school child in the archipelago, it offers gamified self-paced learning and remote micro lessons prepared by teachers, all aligned with the government curricula (Kurtilas).
All content is created in Bahasa Indonesia and English, so children can access and interact with the multimedia materials the way they prefer.
The lessons and videos are created on the website by teachers themselves, who can earn extra income from their contributions, while children and parents can self-pace their learning experience and find the best content for their needs.
Titik Pintar claims it has more than 15,000 users across Indonesia.
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The startup has previously secured a grant from the Dutch Government and investments from Indonesian and international angel investors.
IWEF is an impact fund addressing barriers to women’s economic empowerment by investing in disruptive tech solutions. The fund is jointly managed by Moonshot Ventures and YCAB Ventures, which is part of the YCAB Social Enterprise Group, a leading advocate for women and youth in Indonesia. IWEF is supported by the Australian Government as its lead sponsor and investor.
Tom Schmittzehe, co-founder of Moonshot Ventures, said: “Most teachers in Indonesia are women, whom IWEF seeks to promote, and through Titik Pintar, they will be able to earn a secondary income, while focusing on what they love most — teaching.”
Moonshot Ventures addresses development challenges faced by emerging economies in Southeast Asia. It invests in disruptive innovations and mission-driven entrepreneurs, in order to achieve large-scale impact.
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YCAB Ventures is part of YCAB Social Enterprise Group that invests in economic empowerment activities to end poverty and reduce inequality. Through its funding activities, YCAB Ventures has financed over 185,000 women owned businesses through 600,000 productive loans as well as has supported other likeminded social enterprises.
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Image Credit: Titik Pintar
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