Indonesia-based fintech platform that seeks to create a cashless system in schools, InfraDigital, announced yesterday that it has raised a seed funding from Appworks Ventures, Fenox Ventures, and Google’s and Netflix’s angel investors.

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“Our vision is to create a cashless system in school, support more efficient earnings, and higher standard in financial management for education sector,” said Ian McKenna, Founder of InfraDigital Nusantara.

InfraDigital, or IDN, was a GNB Accelerator graduates that launched in early 2018. It’s an app that’s aimed to help the education organisation management to have an easier payment system for school tuition fee and other regular fees charged on students in a form of a digital bill and online payment through multiple bank channels and payment apps available locally.

“We believe that paying school tuition fee should be as easy as topping up your electricity tokens. Bank or no bank, parents shouldn’t have to encounter problems in paying school tuition fee on time with our solution. The solution that IDN has also helps the school to focus more on education development rather than being caught up in financial management because it’s all automated and filed in the monthly report,” said McKenna.

IDN plans to focus more on improving its service to all of its school networks by adding features that are needed as well as adding more schools across the country into their platform.

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To date, IDN said it has assisted more than 90 schools, unis, and Islamic schools (pesantren) for their financial digitisation that helps 20,000 students.

IDN is available in multiple online payment platforms like local convenient stores like Indomaret and Alfamart, local banks BNI or BNI Syariah, Mandiri, Danamon, apps like Ayopop, Kaspro, Mobilepulsa, and others.

Image Credit: InfraDigital