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Startups

Indonesian student loan platform to secure German backing

Pintek set to receive $3m from Global Founders Capital

Students who have recently graduated from senior high school take part in a state university entrance exam in Jakarta June 12, 2012. A total of 618, 804 students took part in the nationwide exam for 106,363 available seats in state universities throughout Indonesia, Education and Culture Minister Mohammad Nuh said on Monday.   © Reuters

JAKARTA -- Indonesian student loan startup Pintek is likely to secure an investment from Germany-based venture capital firm Global Founders Capital, according to sources familiar with the matter.

The investment round, which is said to be in the region of $3 million, would value the startup at around $15 million, the sources said. Global Founders Capital is backed by Rocket Internet, which builds startups.

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