Soemadipradja & Taher assists high profile client to achieve successful outcomes
S&T News 26 June 2020
Accion Venture Lab invests in fintech platform Pintek to improve access to quality education in Indonesia
S&T has acted as the legal counsel to Accion Venture Lab in the process of its investment in Pintek, an Indonesian financial technology platform that provides credit to both students and educational institutions to improve access to education and the quality of education in Indonesia.
Pintek will use the funds to expand its technology and platform as the company evolves in its approach to best meet the needs of underserved students and schools during the COVID-19 crisis.
“There is a clear need for educational financing in Indonesia, and Pintek’s unique model, strong leadership team, and promising growth potential make them the ideal partner to address that need. We’ve been particularly impressed with their quick response to the pandemic, finding new ways to help customers during this difficult time. We’re pleased to add them to the Venture Lab portfolio,” said Vikas Raj, Managing Director of Accion Venture Lab.
The S&T team is led by Corporate and M&A Partner Emalia Achmadi, Foreign Counsel Oene J. Marseille and Senior Associate Avindra Yuliansyah, with the support of Associates Krishna Vesa, Aurora Aldwita Mariel, and Ardhitia Prawira Rusyadi.
