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Indonesia's finance EdTech Ternak Uang raises seven-digit seed funding

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2, 2023</a></div><div class="jeg_meta_category"> <span><span class="meta_text">in</span> <a href="https://heaptalk.com/category/news/" rel="category tag">News</a> </span></div></div><div class="meta_right"> <div class="jeg_meta_comment"><a href="https://heaptalk.com/news/indonesias-finance-edtech-platform-ternak-uang-raises-seven-digit-seed-funding/#comments"><i class="fa fa-comment-o"></i> 0</a></div></div></div></div></div><div class="jeg_featured featured_image"><a href="https://heaptalk.com/wp-content/uploads/2022/02/ternak-uang.jpg"><div class="thumbnail-container animate-lazy" style="padding-bottom:66.602%"><img width="512" height="341" src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload wp-post-image" alt="Ternak Uang" decoding="async" fetchpriority="high" data-src="https://heaptalk.com/wp-content/uploads/2022/02/ternak-uang-512x341.jpg" data-sizes="auto" data-expand="700"/></div><p class="wp-caption-text">This funding will facilitate <a href="https://www.ternakuang.id/ target="_blank">Ternak Uang's</a> achieving its mission of increasing the financial literacy of the Indonesian people, especially considering that many young people are still trapped in fraudulent investments.</p></a></div><div class="jeg_share_top_container"></div></div></div><div class="row"> <div class="jeg_main_content col-md-8"> <div class="jeg_inner_content"> <div class="jeg_ad jeg_article jnews_content_top_ads"><div class='ads-wrapper'></div></div><div class="entry-content with-share"> <div class="jeg_share_button share-float jeg_sticky_share clearfix share-monocrhome"> <div class="jeg_share_float_container"><div class="jeg_sharelist"> <a href="https://www.facebook.com/sharer.php?u=https%3A%2F%2Fheaptalk.com%2Fnews%2Findonesias-finance-edtech-platform-ternak-uang-raises-seven-digit-seed-funding%2F" rel='nofollow' class="jeg_btn-facebook expanded"><i class="fa fa-facebook-official"></i><span>Share on Facebook</span></a><a href="https://twitter.com/intent/tweet?text=Indonesia%E2%80%99s%20finance%20EdTech%20platform%20Ternak%20Uang%20raises%20seven-digit%20seed%20funding&url=https%3A%2F%2Fheaptalk.com%2Fnews%2Findonesias-finance-edtech-platform-ternak-uang-raises-seven-digit-seed-funding%2F" rel='nofollow' class="jeg_btn-twitter expanded"><i class="fa fa-twitter"><svg xmlns="http://www.w3.org/2000/svg" height="1em" viewBox="0 0 512 512"><path d="M389.2 48h70.6L305.6 224.2 487 464H345L233.7 318.6 106.5 464H35.8L200.7 275.5 26.8 48H172.4L272.9 180.9 389.2 48zM364.4 421.8h39.1L151.1 88h-42L364.4 421.8z"/></svg></i><span>Share on Twitter</span></a><a href="https://www.pinterest.com/pin/create/bookmarklet/?pinFave=1&url=https%3A%2F%2Fheaptalk.com%2Fnews%2Findonesias-finance-edtech-platform-ternak-uang-raises-seven-digit-seed-funding%2F&media=https://heaptalk.com/wp-content/uploads/2022/02/ternak-uang.jpg&description=Indonesia%E2%80%99s%20finance%20EdTech%20platform%20Ternak%20Uang%20raises%20seven-digit%20seed%20funding" rel='nofollow' class="jeg_btn-pinterest"><i class="fa fa-pinterest"></i></a> <div class="share-secondary"> <a href="https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fheaptalk.com%2Fnews%2Findonesias-finance-edtech-platform-ternak-uang-raises-seven-digit-seed-funding%2F&title=Indonesia%E2%80%99s%20finance%20EdTech%20platform%20Ternak%20Uang%20raises%20seven-digit%20seed%20funding" rel='nofollow' class="jeg_btn-linkedin"><i class="fa fa-linkedin"></i></a></div><a href="#" class="jeg_btn-toggle"><i class="fa fa-share"></i></a></div></div></div><div class="content-inner"> <blockquote><p>The funding raises up to USD 8.15 billion from Patrick Walujo, Followed by Kinesys Group and Alto Partners</p></blockquote> <p><strong>Heaptalk, <a href='https://heaptalk.com/govact/jakarta-will-remain-the-capital-for-several-more-years/' title='Jakarta will remain the capital for several more years'>Jakarta</a></strong>  — <a href="https://www.ternakuang.id/">Ternak Uang</a>, an <a href='https://heaptalk.com/industry/apple-adds-investment-offer-of-100m-to-bring-iphone-16-to-indonesia/' title='Apple adds investment offer of $100m to bring iPhone 16 to Indonesia'>investment</a> learning platform, has secured seven-digit <a href='https://heaptalk.com/insight/obtaining-seed-funding-for-startups/' title='Obtaining seed funding for startups'>seed funding</a> from <strong><a href="https://www.nsgroup.com/">Northstar Group</a> Co-founder and Managing Partner, <a href="/tag/patrick-walujo">Patrick Walujo</a>, and </strong><a href='https://heaptalk.com/insight/five-ways-to-obtain-startup-funding-from-a-venture-capital/' title='Five ways to obtain startup funding from a venture capital' target='_blank'>venture capital</a> firms <strong><a href="/tag/kinesys-group">Kinesys Group</a> and <a href="/tag/alto-partners">Alto Partners</a></strong>. This funding will facilitate <a href='https://heaptalk.com/news/ternak-uang-aims-to-improve-millennials-financial-literacy/' title='Ternak Uang aims to empower millennial’s financial literacy'>Ternak Uang</a>&#8217;s achieving its mission of increasing the <a href='https://heaptalk.com/news/using-advanced-technology-stockbit-boosts-indonesia-financial-literacy/' title='Using Advanced Technology, Stockbit Boosts Indonesia Financial Literacy' target='_blank'>financial literacy</a> of the Indonesian people, especially considering that many young people are still trapped in fraudulent investments.</p> <p class="root-block-node" data-changed="true" data-paragraphid="15" data-from-init="true">Citing data from the Indonesian Financial Services Authority (<a href='https://heaptalk.com/news/indonesias-ojk-officially-revokes-business-license-of-investree/' title='Indonesia&#8217;s OJK officially revokes business license of Investree'>OJK</a>), fraudulent investment practices have cost Indonesians up to Rp117.4 trillion (USD 8.15 billion) in the last 10 years. In the end, the seed money will be used for product development and platform positioning, community empowerment, and team <a href='https://heaptalk.com/govact/east-kutai-regent-urges-regional-apparatuses-to-accelerate-the-development-in-2023/' title='East Kutai Regent urges regional apparatuses to accelerate the development in 2023'>development</a>.</p> <p class="root-block-node" data-changed="false" data-paragraphid="7">In the future, product development will be focused on providing an equitable <a href='https://heaptalk.com/insight/financial-and-investment-distinction-outlook-of-millennials-and-gen-z-in-2024/' title='Financial and Investment Distinction Outlook of Millennials and Gen Z in 2024' target='_blank'>financial and investment</a> learning experience for everyone. Especially at <a href="/tag/tu-academy"><strong>TU Academy</strong></a>, which will be continuously developed to help individual learning processes according to personal needs. Furthermore, this feature will be supported by the implementation of <a href='https://heaptalk.com/news/implementation-of-ai-to-boost-business-in-the-post-pandemic/' title='Implementation of AI to boost business in the post-pandemic'>artificial intelligence</a> (<a href='https://heaptalk.com/technology/toughening-the-cybersecurity-sector-with-artificial-intelligence-adoption/' title='Toughening the cybersecurity sector with Artificial Intelligence adoption'>AI</a>) <a href='https://heaptalk.com/insight/welcoming-2024-here-are-the-technology-trends-prediction-in-2024/' title='Welcoming 2024, Here are the technology trends prediction in 2024' target='_blank'>technology</a> and machine learning. This was created to provide a learning experience through a personalized learning approach so that every user can learn and improve their <a href='https://heaptalk.com/news/using-advanced-technology-stockbit-boosts-indonesia-financial-literacy/' title='Using Advanced Technology, Stockbit Boosts Indonesia Financial Literacy' target='_blank'>financial literacy</a> regardless of different financial conditions.</p> <p class="root-block-node" data-changed="false" data-paragraphid="8">Furthermore, <a href='https://heaptalk.com/news/ternak-uang-aims-to-improve-millennials-financial-literacy/' title='Ternak Uang aims to empower millennial’s financial literacy'>Ternak Uang</a> will strengthen its position as a social education platform. On this platform, community users can discuss with the <a href='https://heaptalk.com/news/ternak-uang-aims-to-improve-millennials-financial-literacy/' title='Ternak Uang aims to empower millennial’s financial literacy'>Ternak Uang</a> research analyst team, with a moderation system and direct supervision by the internal team. This initiative comes from looking at so many questions and discussions that arise from users, such as discussions about market policies and their implications, personal finance, and practical and educational tips that beginner investors need to pay attention to.</p> <p class="root-block-node" data-changed="false" data-paragraphid="9">As delivered by <strong>Ternak Uang CEO, <a href="/tag/raymond-chin">Raymond Chin</a></strong>, &#8220;Everyone&#8217;s financial situation is different from the others, set by the amount of expenses and income, dependents, priority financial goals, and risk characteristics of different people. For this reason, everyone&#8217;s financial strategy needs to be differentiated in order to be able to achieve financial independence according to the situation they are currently experiencing personally.</p> <p class="root-block-node" data-changed="false" data-paragraphid="10">One of the latest features that were launched earlier this year is <strong>Financial Checkup</strong>, where each user can analyze their financial condition personally. The analysis is carried out in detail by calculating the ratio of cash flow, savings, debts and dependents, emergency funds, and total assets owned. Then users will get a recommendation module and personal learning to help improve their financial condition.</p> <p class="root-block-node" data-changed="false" data-paragraphid="11">Raymond added that in the future, product development will be directed toward the realms of fintech and financial products. Ternak Uang understands that as a social educational platform in the financial sector, users must ultimately practice the information they have learned to do in real life consistently. This is in <a href='https://heaptalk.com/press-release/line-hosts-luxury-day-unveiling-marketing-trend-insights-for-high-end-brands/' title='LINE hosts &#8216;LUXURY Day&#8217;, unveiling Marketing Trend Insights for High-End Brands'>line</a> with Ternak Uang&#8217;s mission to help Indonesians achieve financial independence, not just gain money through investing.</p> <p class="root-block-node" data-changed="false" data-paragraphid="12">Inclusive <a href='https://heaptalk.com/news/using-advanced-technology-stockbit-boosts-indonesia-financial-literacy/' title='Using Advanced Technology, Stockbit Boosts Indonesia Financial Literacy' target='_blank'>financial literacy</a> continues to show positive developments in <a href='https://heaptalk.com/govact/indonesia-to-amplify-partnership-with-united-states/' title='Indonesia to amplify partnership with United States'>Indonesia</a>, to the point where it is growing among the younger generation. This is what underlies our presenting learning modules that are easy to understand and relevant, to be a trigger so that more and more people are interested in learning from credible and trusted sources, &#8220;said Raymond.</p> <p class="root-block-node" data-changed="false" data-paragraphid="13">Ternak Uang was first founded by Raymond Chin, a serial entrepreneur who has been in business since the age of 20, and Timothy Ronald, who is known as a young investor and content creator. After some time, <a href="/tag/felicia-tjiasaka">Felicia Tjiasaka</a>, who is a Chartered Financial Analyst® (CFA®) level III holder, joined and leads product development at Ternak Uang.</p> <p class="root-block-node" data-changed="false" data-paragraphid="14">Until now, Ternak Uang has provided topics related to finance and investment in the main language of Indonesian. This is done so the information provided can be easily understood and digested by Indonesian people from various circles.</p> <p data-changed="false" data-paragraphid="14">(FK)</p> <div class="jeg_post_tags"><span>Tags:</span> <a href="https://heaptalk.com/tag/alto-partners/" rel="tag">Alto Partners</a><a href="https://heaptalk.com/tag/felicia-tjiasaka/" rel="tag">felicia tjiasaka</a><a href="https://heaptalk.com/tag/funding/" rel="tag">funding</a><a href="https://heaptalk.com/tag/kynesis-group/" rel="tag">kynesis group</a><a href="https://heaptalk.com/tag/northstar-group/" rel="tag">northstar group</a><a href="https://heaptalk.com/tag/raymond-chin/" rel="tag">raymond chin</a><a href="https://heaptalk.com/tag/ternak-uang/" rel="tag">ternak uang</a></div></div></div><div class="jeg_share_bottom_container"></div><div class="jeg_ad jeg_article jnews_content_bottom_ads"><div class='ads-wrapper'></div></div><div class="jnews_prev_next_container"></div><div class="jnews_author_box_container"></div><div class="jnews_related_post_container"><div class="jeg_postblock_21 jeg_postblock jeg_module_hook jeg_pagination_disable jeg_col_2o3 jnews_module_3336_0_6747088f84630" data-unique="jnews_module_3336_0_6747088f84630"> <div class="jeg_block_heading jeg_block_heading_6 jeg_subcat_right"> <h3 class="jeg_block_title"><span>Related<strong> Posts</strong></span></h3></div><div class="jeg_block_container"> <div class="jeg_posts jeg_load_more_flag"><article class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://heaptalk.com/news/mr-diy-inaugurates-its-900th-stores-in-jakarta/"><div class="thumbnail-container animate-lazy size-715"><img width="120" height="86" src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload wp-post-image" alt="MR.DIY" decoding="async" data-src="https://heaptalk.com/wp-content/uploads/2024/11/WhatsApp-Image-2024-11-25-at-9.15.10-AM-120x86.jpeg" data-sizes="auto" data-expand="700"/></div></a></div><div class="jeg_postblock_content"> <h3 class="jeg_post_title"> <a href="https://heaptalk.com/news/mr-diy-inaugurates-its-900th-stores-in-jakarta/">MR.DIY inaugurates its 900th stores in Jakarta</a> </h3> <div class="jeg_post_meta"><div class="jeg_meta_date"><a href="https://heaptalk.com/news/mr-diy-inaugurates-its-900th-stores-in-jakarta/"><i class="fa fa-clock-o"></i> November 27, 2024</a></div></div></div></article><article class="jeg_post jeg_pl_sm format-standard"> <div class="jeg_thumb"> <a href="https://heaptalk.com/technology/anthropic-bags-additional-4b-investment-from-amazon/"><div class="thumbnail-container animate-lazy size-715"><img width="120" height="86" src="data:image/gif;base64,R0lGODlhAQABAIAAAP///wAAACH5BAEAAAAALAAAAAABAAEAAAICRAEAOw==" class="lazyload wp-post-image" alt="Anthropic and Amazon expanded partnership by adding $4 billion investment. 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