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INTERNET | Internet Software & Services / Accounting & Finance
danacita.co.id

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Founded Year

2017

Stage

Series A | Alive

Total Raised

$5M

Last Raised

$5M | 8 mos ago

About Dana Cita

Dana Cita is an Indonesia-based student loan platform.

Dana Cita Headquarter Location

Noble House Level 29, Mega Kuningan No. 2

Setiabudi, 12950,

Indonesia

0821 1172 4588

Latest Dana Cita News

Indonesia’s Dana Cita expands its student loans platform to the Philippines

Apr 10, 2019

Patamar Capital Posted on March 22, 2019 by Patamar Capital Indonesian fintech startup  Dana Cita  has expanded to the Philippines. It will launch in the country under a localized brand,  Bukas  – a word which can mean both “open” and “tomorrow” in the Filipino language. Jakarta-based Dana Cita is an online peer-to-peer (P2P) lending platform that helps students access loans to fund their studies, from university degrees through to short vocational courses. It claims to have borrowers from over 150 educational institutions across 18 of Indonesia’s provinces. Speaking on stage at Money 20/20 in Singapore today, co-founder Naga Tan said that the platform’s loan default rate is at around 6 percent. “As the portfolio grows, we expect that to number to decrease,” he added.S Dana Cita was the third Indonesian startup to graduate from Y Combinator’s Silicon Valley accelerator program. Tan told Tech in Asia that, in addition to Y Combinator, Dana Cita has also received investment from Convergence Ventures, Intudo Ventures, Monk’s Hill Ventures, Patamar Capital, and ThirdStream Partners. Ride-hailing and payments giant Go-Jek formed  a strategic partnership  with Dana Cita and two other P2P lenders – Aktivaku and Findaya – in September last year. “Strong collaboration between financial services providers and technology companies can reach a wider range of people who have difficulty accessing financial services, such as unbanked communities,” Go-Jek president Andre Soelistyo said at the time, while confirming that the P2P lending partnerships would be separate from the company’s Go-Pay payments unit. See the full article on TechinAsia . No Comments

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Expert Collections containing Dana Cita

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Dana Cita is included in 3 Expert Collections, including Indonesia Fintech Landscape.

I

Indonesia Fintech Landscape

128 items

D

Digital Lending

1,148 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

F

Fintech

19,054 items

Excludes US-based companies

Dana Cita Web Traffic

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