ErudiFi
ErudiFi operates Bukas (Philippines) and Danacita (Indonesia), providing affordable tuition installment plans and student loans to Southeast Asian tertiary students through direct partnerships with universities and colleges.
- Company typePrivate
- Founded2021
- HeadquartersSingapore, Singapore
- Headcount101–250
- GTM typeB2C
- OfferingServices
What ErudiFi does
ErudiFi is a Singapore-headquartered education financing company operating two regional lending platforms: Bukas in the Philippines and Danacita in Indonesia. The company extends affordable tuition installment plans and student loans to tertiary-level students pursuing diplomas, bachelor's, master's, and non-degree short courses, addressing the lack of accessible education financing in Southeast Asia. Its core technology is an integrated tuition installment plan management system delivered through its digital platforms and embedded into partner universities' enrollment and billing workflows. Revenue is generated on a transaction basis through interest or fees on financed tuition amounts, with pricing varying by institution and loan terms and billed monthly to borrowers. Distribution is primarily through direct partnerships with universities and colleges (notably Far Eastern University, Mapúa University, National Teachers College, and Lyceum of the Philippines University in the Philippines), positioning the company as a sales-led, partnership-driven platform serving Southeast Asian tertiary students and partner institutions.
ErudiFi firmographics
Firmographics- Name
- ErudiFi
- Legal name
- ErudiFi Inc.
- Website
- https://erudifi.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- ErudiFi operates Bukas (Philippines) and Danacita (Indonesia), providing affordable tuition installment plans and student loans to Southeast Asian tertiary students through direct partnerships with universities and colleges.
- Ownership category
- akta.pro rank
ErudiFi industry classification
Industry- Product category
- Education Financing
- NAICS
- Educational Support Services (611710)
- akta.pro primary industry
- Payments, Cashiering & Payment Plans (EDALAJAE)
Keywords
Where ErudiFi is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Markets served
ErudiFi business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Student Tuition Financing: ErudiFi generates revenue through providing affordable tuition installment plans and student loans. The company extends financing to students who pay tuition in installments rather than lump sums, earning interest or fees on the financed amounts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Tuition Installment Plans |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels1 record
ErudiFi product offering
Product offeringCore offering
ErudiFi operates two digital platforms — Bukas in the Philippines and Danacita in Indonesia — that provide affordable tuition installment plans and education loans to tertiary students. The platforms enable students to pay tuition in monthly installments and partner directly with universities to integrate financing into the enrollment process.
Product overview
ErudiFi is a unified education financing platform operating across Southeast Asia, with two regional sub-brands: Bukas in the Philippines and Danacita in Indonesia. These platforms work together to provide affordable student loans and tuition installment plans, enabling students to access higher education financing through partnerships with colleges and universities. ErudiFi serves as the parent organization unifying these regional education financing solutions.
Differentiator
Problem solved
Functional benefit
Brands
- Bukas: Education financing platform in the Philippines offering affordable student loans and tuition installment plans. Launched with the vision of building a better tomorrow for Filipino youths. Partners include Far Eastern University (FEU), Mapúa University, National Teachers College, and Lyceum of the Philippines University (LPU).
- Danacita
Products and services
- Bukas A digital tuition installment plan and education loan platform for tertiary students in the Philippines, integrated with partner universities such as FEU, Mapúa, and National Teachers College.
- Danacita A digital tuition installment plan and education loan platform for tertiary students in Indonesia, including partnership arrangements with universities such as LPU.
Quantifiable outcome
- Expanded access to affordable tuition installment plans for students in Indonesia and Philippines
- +1 more outcomes
Companies that use ErudiFi
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
ErudiFi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
ErudiFi partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- DoyobicoreSingapore-based edtech startup acquired by ErudiFi in February 2024. The acquisition strengthens ErudiFi's position in the Southeast Asian education technology market and expands its capabilities in serving students across the region.
- Far Eastern University (FEU)coreTop university in the Philippines that partners with ErudiFi's Bukas platform to offer students affordable tuition installment plans. FEU is one of Bukas's notable partner institutions.
- Mapúa UniversitycorePartner institution for ErudiFi's Bukas platform, enabling students to access tuition installment payment options. Mapúa is one of the notable university partners in the Philippines.
- National Teachers CollegecorePartner institution for ErudiFi's Bukas platform in the Philippines, providing students with access to affordable tuition installment plans.
- Lyceum of the Philippines University (LPU)corePartner institution for ErudiFi's Bukas platform in the Philippines, offering students convenient tuition installment payment options through the platform.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
ErudiFi competitors and assessment
Company assessmentDirect peers
- Prodigy Finance: Prodigy Finance refinances international student loans via a cross-border lending platform. It is the closest comparable to ErudiFi in being a dedicated, technology-enabled student lender, though it focuses on cross-border rather than domestic SEA financing.
- MPower Financing: MPower Financing provides loans to international and DACA students without requiring a cosigner. Comparable to ErudiFi in underwriting students without traditional credit history and using an education-focused digital lending model.
- Future Finance: Future Finance offers student loan products in the UK and Ireland targeting non-traditional university students. It shares ErudiFi's focus on underserved borrowers in tertiary education and technology-driven installment lending.
- Tuition.io: Tuition.io is a US-based tuition payment management and student lending platform that partners with employers and universities. It mirrors ErudiFi's model of embedding tuition installment plans with partner institutions.
- Pintek: Pintek is an Indonesian fintech focused specifically on education financing for schools and students. It directly competes with Danacita in the Indonesian market using a similar lending-for-tuition model.
Emerging players
- KoinWorks: KoinWorks is one of Indonesia's largest P2P lending platforms, with education among its consumer lending categories. It competes with Danacita for borrower mindshare in Indonesia with broader product scope.
- Akulaku: Akulaku is a Southeast Asia BNPL and consumer lender with deep presence in Indonesia and the Philippines. It overlaps ErudiFi's geographies and could expand into education financing, making it a partial competitor.
- Kredivo: Kredivo is an Indonesia-focused digital lending and BNPL provider. While broader than education, it operates in the same digital consumer-credit category and could expand into tuition financing.
- Funding Societies: Funding Societies is a leading Southeast Asian SME digital financing platform. It shares ErudiFi's fintech lending DNA and regional footprint but focuses on SMEs rather than student borrowers.
Broad incumbents
- SoFi: SoFi is a US-listed broad consumer fintech with a large student loan refinancing and private student lending business. It represents the scaled, incumbent version of the education-financing model ErudiFi is building in SEA.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
ErudiFi social profiles
Digital presenceErudiFi financial estimates
Financial estimateRevenue estimate
Valuation estimate
ErudiFi leadership team
Management profileNumber of profiles
Profiles2 records
ErudiFi subsidiaries and ownership
Company hierarchySubsidiaries1 record
ErudiFi funding detail
Funding detailFunding overview
Funding rounds5 records
Investors14 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ErudiFi M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ErudiFi
What does ErudiFi do?
ErudiFi operates two digital platforms — Bukas in the Philippines and Danacita in Indonesia — that provide affordable tuition installment plans and education loans to tertiary students. The platforms enable students to pay tuition in monthly installments and partner directly with universities to integrate financing into the enrollment process.
Is ErudiFi a public or private company?
ErudiFi is a private company. It is classified as venture growth investor backed and is currently operating.
When was ErudiFi founded?
ErudiFi was founded in 2021. It employs 101 to 250 people.
Where is ErudiFi based?
ErudiFi is headquartered in Singapore, Singapore, in the Asia region.
How does ErudiFi make money?
One revenue line is on record: student Tuition Financing.
Who are ErudiFi's main competitors?
Direct peers on record are Prodigy Finance, MPower Financing, Future Finance, Tuition.io and Pintek. Emerging players are KoinWorks, Akulaku, Kredivo and Funding Societies. SoFi is listed as a broad incumbent.
Does ErudiFi have an API?
No public API is recorded for ErudiFi.
What industry is ErudiFi in?
ErudiFi's product category is Education Financing. Its primary akta.pro industry code is EDALAJAE, Payments, Cashiering & Payment Plans. Its NAICS code is 611710.