About ErudiFi
ErudiFi is a company based in Singapore (Singapore) founded in 2019 by Naga Tan and Susli Lie.. ErudiFi has raised $5 million across 3 funding rounds from investors including Helicap, Monk's Hill Ventures and Qualgro. ErudiFi has completed 1 acquisition, including Doyobi. ErudiFi offers products and services including Bukas and Danacita.
- Headquarter Singapore, Singapore
- Founders Naga Tan, Susli Lie
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Sectors
EducationFinancial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Erudifi Pte. Ltd.
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Products & Services of ErudiFi
ErudiFi offers a comprehensive portfolio of products and services, including Bukas and Danacita. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers affordable loans for tuition in the Philippines
Provides loans for higher education degrees in Indonesia
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Funding Insights of ErudiFi
ErudiFi has successfully raised a total of $5M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $15 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Debt – Conventional — $15.0M
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Debt – Conventional - ErudiFi | Valuation |
investors |
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| Feb, 2021 | Amount | Series A - ErudiFi | Valuation | Monk's Hill Ventures , Qualgro |
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| Jun, 2019 | Amount | Seed - ErudiFi | Valuation | Y Combinator , ThirdStream Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ErudiFi
ErudiFi has secured backing from 9 investors, including institutional and venture fund investors. Prominent investors backing the company include Helicap, Monk's Hill Ventures and Qualgro. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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VC firm investing in post-seed companies in Southeast Asia
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Founded Year | Domain | Location | |
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Investments in early-stage tech startups are managed by Qualgro.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ErudiFi
ErudiFi has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Doyobi. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform providing courses on science and coding
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2020 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ErudiFi
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Erudifi Comparisons
Competitors of ErudiFi
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Erudifi
Frequently Asked Questions about ErudiFi
When was ErudiFi founded?
ErudiFi was founded in 2019.
Where is ErudiFi located?
ErudiFi is headquartered in Singapore, Singapore.
Who is the current CEO of ErudiFi?
Naga Tan is the current CEO of ErudiFi. They have also founded this company.
Is ErudiFi a funded company?
ErudiFi is a funded company, having raised a total of $5M across 3 funding rounds to date.
What does ErudiFi do?
ErudiFi was founded in 2019 in Singapore as a provider of education loans within the financial services sector. Tuition installment plans are offered to students at colleges and universities, with assistance provided for secure and integrated payment options. Operations focus on facilitating accessible financing solutions in the education domain, primarily serving the Singapore region.
What products or services does ErudiFi offer?
ErudiFi offers Bukas and Danacita.
How many acquisitions has ErudiFi made?
ErudiFi has made 1 acquisition, including Doyobi.
Who are ErudiFi's investors?
ErudiFi has 9 investors. Key investors include Helicap, Monk's Hill Ventures, Qualgro, Y Combinator, and ThirdStream Partners.