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Indonesian education tech company Pahamify bags USD 150,000 investment from Y Combinator

The fresh funds will be used to add services for junior high students and teachers.

Image Credit To Unsplash.

Indonesian education tech startup Pahamify has received USD 150,000 in funding from Y Combinator. As reported by Daily Social, the fresh funds will be used to add new learning materials for junior high students and teachers to the platform. At the moment, Pahamify only provides lessons for senior high students.

“Our target is to remain innovative in helping Indonesian students reach their maximum potential and feel the thrill of learning,” said Pahamify CEO Rousyan Fikri.

This is the first non-grant investment received by Pahamify. Y Combinator and YouTube previously gave an undisclosed amount of grant money to the company.

“Even though they [Y Combinator] liked our concept and gave us a grant before, they were still reluctant to invest. Thanks to the support of Pahamifren [Pahamify users] who have believed in and used Pahamify since we started, we could survive,” said Fikri.

The CEO added that Pahamify is listed among Y Combinator’s winter 2020 batch, together with two other Indonesian startups, Newman’s and YukStay.

Founded by a YouTube science influencer in mid-2017, Pahamify offers supplementary education materials to help Indonesian students pass their college entrance exams. The startup combines science learning, film-making, and gamification to create high-quality educational content under its Pahamiframework. The platform utilizes animated videos, quizzes, and summaries to engage users.

Pahamify claims to have 65,000 monthly active users. It charges each client roughly USD 24 a year.