About ErudiFi
ErudiFi is an Education company based in Singapore (Singapore) founded in 2019 by Naga Tan and Susli Lie. Education loans and tuition installment plans are provided for students. It operates in the Education and Financial Services sectors. 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. Its chief executive, as recorded, is Naga Tan. ErudiFi offers products and services including Bukas and Danacita. Its focus areas include FinTech, Alternative Lending, Online Lenders and Consumer Loans. Its legal entity is ERUDIFI PTE. LTD.
Company details
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.
- Headquarters Singapore, Singapore
- Founders Naga Tan, Susli Lie
- SectorsEducationFinancial Services
- Email••••••••
- Website erudifi.com
- Social LinkedIn
- Legal Name Erudifi Pte. Ltd.
Products & Services of ErudiFi
ErudiFi offers a comprehensive portfolio of products and services, including Bukas and Danacita.
Offers affordable loans for tuition in the Philippines
Provides loans for higher education degrees in Indonesia
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 $5M
- Total Rounds 3
- Last Round Debt – Conventional — $15M
- Investors Count 9
All 3 funding rounds of ErudiFi with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $15M | Debt – Conventional | – | – | |
| Feb 2021 | $5M | Series A | – | Monk's Hill Ventures, Qualgro | – |
| Jun 2019 | Seed | – | Y Combinator, ThirdStream Partners | – |
9 investors in total: 9 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing in post-seed companies in Southeast Asia | monkshill.com | Jakarta, Indonesia | ||
Investments in early-stage tech startups are managed by Qualgro. | qualgro.com | Singapore, Singapore | ||
Early-stage startups are accelerated via funding and educational programs. | ycombinator.com | Mountain View, United States | ||
Stage-agnostic tech-focused VC firm investing primarily in the US | thirdstreampartners.com | San Francisco, United States | ||
Venture capital firm investing in multiple sectors | patamar.com | Bengaluru, India | ||
Venture capital firm investing in tech startups | ge32.com | Sao Paulo, Brazil | ||
Early-stage tech investments in Asia are targeted by the firm. | convergencevc.com | Jakarta, Indonesia | ||
Early-stage tech startups in Indonesia are funded by Intudo Ventures. | intudovc.com | Jakarta, Indonesia | ||
Alternative investment platform focused on private funds sector | 2018 | helicap.com | Singapore, Singapore |
Investor details for ErudiFi
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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People of ErudiFi
11 people are tracked at ErudiFi (9 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Naga Tan | Co-Founder & CEO | Leadership |
Susli Lie | Co-Founder | Leadership |
Isabella Yonathan | Chief Operating Officer | Leadership |
Huixiang Wee | VP Finance | Leadership |
Jheric Delos Angeles | Head Of Marketing | Leadership |
Jesse Panganiban | VP Engineering | Leadership |
Jon Robert Emlano | Chief Risk Officer (CRO) | Leadership |
Ketty Lie | Co-Founder (Business Development) | Leadership |
John Tan | Chief Education Officer | Leadership |
Paolo Loanzon | Operations | Team |
J.I. Lustre, CRA, CLSSYB | Partnerships And Business Development Manager | Team |
Complete people profiles for ErudiFi
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Investments & Acquisitions by ErudiFi
ErudiFi has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Doyobi.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Online platform providing courses on science and coding | doyobi.com | Singapore | 2020 | Feb 2024 | •••• |
Complete acquisition details for ErudiFi
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
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- Exports
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Timeline of ErudiFi
4 dated milestones of ErudiFi across 5 years, from founding to its latest funding, stage changes and deals.
- Founded ErudiFi is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional, of $15.0M.
- Acquisition Acquires Doyobi.
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Related news about Erudifi
Complete news archive for ErudiFi
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Frequently Asked Questions about ErudiFi
ErudiFi was founded in 2019.
ErudiFi is headquartered in Singapore, Singapore.
Naga Tan is the CEO of ErudiFi, as recorded in our data. They have also founded this company.
ErudiFi is a funded company, having raised a total of $5M across 3 funding rounds to date.
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.
ErudiFi offers Bukas and Danacita.
ErudiFi has made 1 acquisition, including Doyobi.
ErudiFi has 9 investors. Key investors include Helicap, Monk's Hill Ventures, Qualgro, Y Combinator, and ThirdStream Partners.
ErudiFi operates through Erudifi Pte. Ltd..