EdTech Pioneer Cakap Announces $7.5 Million in Total Funding and Impacts Over 4.5 Million Students by 2023

The Language segment stands out as a significant revenue driver for Cakap, with the English program leading in popularity, followed by courses in Mandarin, Japanese, and Korean.

English courses, in particular, are highly sought after by recent graduates who understand the necessity of bilingualism in today's job market.

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Atho Isnanthyo Abyan, a 28-year-old IT professional and Cakap student, shared his journey of gaining confidence in his communication skills with colleagues from around the globe through these language classes.

As 2023 draws to a close, Cakap achieves accreditation for ISO 27001:2022 in information security management systems.

In the Upskill division, courses in business and management rank top among vocational offerings.

Cakap's academic team is continually developing and updating the vocational curriculum, now boasting over 1,175 course materials and 19,500 modules available through the Cakap platform.

Cakap has aggressively pursued the growth of its early-stage ventures, including the Cakap Kids Academy (CKA) for blended learning among school-aged children, which already operates two branches.

The Cakap English Standardized Test (CEST), an English proficiency assessment developed by Cakap's curriculum experts, has served over 50 educational institutions and 13,000 students.

The introduction of the Cakap Career Hub under the Link and Match initiative has connected tens of thousands of job seekers with 30 corporate partners.

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Looking ahead to 2024, Cakap plans to launch the Catalytic Fund program in collaboration with Indonesia's Ministry of Finance and the UNDP in the 3T regions (Disadvantaged, Frontier, Outermost) to provide language learning opportunities to students in West Nusa Tenggara and East Nusa Tenggara.

These areas were chosen due to the significant educational challenges faced by local students, including communication barriers and environmental hardships.

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