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Pakistan edtech startup Maqsad gets $2.1M pre-seed to make education more accessible

TechCrunch

.” Having grown up in Karachi, childhood friends Ahmed and Aziz are aware of the challenges about the Pakistani education system, which is notably worse for those not living in large urban areas (the nation’s student-teacher ratio is 44:1).

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Indonesia’s IDEAL takes the pain out of applying for mortgages

TechCrunch

Surjaudaja told TechCrunch that IDEAL was started “with the thinking that consumer lending in Indonesia is broken.”. With that in mind, Indonesia has one of the lowest credit to GDP ratios in the region, signifying that there is a lot of economic value potential that can be unlocked. “We

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Opaper takes the friction out of social commerce

TechCrunch

On a return trip to Southeast Asia (McIntosh was born and raised in Indonesia), she observed the rise of social commerce, or people selling through social media like Instagram and WhatsApp, and was surprised to see it was similar to all the manual work she had put into her online bakery years earlier.

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Buy now, pay later startup Kredivo doubles its debt facility from Victory Park Capital to $200M

TechCrunch

Kredivo will use the debt facility to help achieve its goal of serving 10 million customers in Indonesia. Credit is one of the largest and most complex areas of the financial services ecosystem and the fact is that Indonesia is deeply underserved on that equation,” he said. a month, or a maximum annual rate of 53.36%.