# Cards

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cards

- Industry: Software
- Headquarters: Indonesia
- Website: www.cards.co.id/
- Latest round: Seed (Nov 7, 2024)
- Investors on record: 3

## About

Founded in 2021, PT Cazh Teknologi Inovasi, trading under the name Cards provides digital management solutions designed to streamline operations for educational institutions. In November 2024, Cards raised an amount of Seed funding led by investor Katha VC, with participation from other investors DS/X Ventures and EduSpaze.

Cards offer a comprehensive data management solution tailored for educational institutions, primarily focusing on student data management, financial administration, and operational efficiency. The platform encompasses several core functionalities, including online student registration, daily attendance tracking, academic performance monitoring, and fee management, all integrated into a single dashboard. Cards also provide digital wallet features for student allowances, enabling cashless transactions in school canteens and other areas, fostering an efficient financial ecosystem. The service is designed for schools and Islamic boarding schools across Indonesia, with established partnerships throughout the country, reaching from Sabang to Merauke. By providing these services, Cards addresses the needs of parents, educators, and school administrators, enabling real-time communication and oversight of student activities and finances. 

The revenue model of Cards primarily revolves around subscription-based services and transactional fees associated with its digital wallet solutions. Educational institutions pay for access to the platform, which includes features such as a billing management system and automated payment reporting. Transactions take place as schools facilitate payments for tuition and other fees through the Cards system, which can be executed via virtual bank accounts, minimarkets, and QRIS. This structured approach allows for a seamless transaction flow between Cards, the educational institutions, and ultimately the students and their parents. The integration of cashless transactions in canteen services further enhances revenue opportunities, as schools can charge a fee for processing these digital payments. This comprehensive service offering positions Cards as a significant player in the educational technology sector, enhancing financial management for schools while ensuring ease of use for students and parents alike. 

In November 2024, Cards raised an undisclosed amount of Seed funding led by Katha VC, with participation from DS/X Ventures and EduSpaze. The funding will be utilized to accelerate product development and expansion, including establishing a regional sales team and enhancing after-sales services. Cards plans to introduce new products aimed at improving user experience and expanding its offering in the educational sector. Furthermore, the company is targeting growth in new markets across Indonesia, with specific focus on regions that exhibit a growing demand for digital educational solutions.

## Funding rounds

- Seed, Nov 7, 2024 — EduSpaze, DS/X Ventures, Katha

## Investors

- EduSpaze (https://capitalatlas.ai/funds/eduspaze) — Seed
- DS/X Ventures — Seed
- Katha (https://capitalatlas.ai/funds/katha) — Seed