Edtech Cakap Consistently Empowering Over 3 Million Students: Impact Report 2022

Jakarta. June 22, 2023. Edtech Cakap has recently released its annual impact report entitled "Fostering Education, Empowering Indonesian People." In this report, Cakap demonstrates its consistency in delivering impacts that align with the goals of the sustainable development framework for Sustainable Development Goals (SDGs). Cakap's primary focus lies in the three SDG points: Quality Education (point 4), Decent Work and Economic Growth (point 8), and Reduced Inequalities (point 10).

"Through all the solutions at Cakap, we strive as much as possible to contribute and solve real problems in the field of education, particularly in Indonesia, with the hope of improving employment among the workforce and accelerating national economic growth. Since 2022, we have expanded our reach to provide more options for enhancing work skills to the Indonesian people," stated Tomy Yunus, CEO & Co-Founder of Cakap.

As of 2022, over three million students benefited from Cakap’s more than 17,000 modules. Cakap also empowered more than 1,800 educators, both from the hiring process and the initiative of "Cakap Teacher Academy" program aimed at improving the capacity and capabilities of teachers across the nation. Cakap has reached 54 (out of 62) of the frontier, outermost, disadvantaged regions (3T areas) up to 2022.

Furthermore, the report provides detailed measurements of Cakap's accomplishments of its three pillars which consisted of language, upskill, and business pillars. In the language pillar, 88.83% (9 out of 10) of training students experienced improvement on foreign language speaking abilities after completing the courses, and 81.73% of students who were professional in their respected fields, felt that the training they attended had a positive impact on their job and career.

In the upskill pillar, both experienced job seekers and fresh graduates directly experienced the impact. 9 out of 10 (86.56%) of training students secured job opportunities aligned with their interests, and 74.8% (7 out of 10) of students obtained jobs related to their Cakap vocational training. In one of the upskill programs, the Cakap Teacher Academy, 72% (7 out of 10) of participants found job opportunities after completing the training.

In the same year, Cakap partnered with more than 600 institutions, including government and business entities, to provide language and vocational training in various fields. For example, foreign language training for prospective migrant workers in collaboration with BP2MI (The National Board for the Placement and Protection of Indonesian Migrant Workers) and tourism worker training with PHRI (Indonesian Hotels and Restaurants Association), Asparnas (National Tourism Association), and provincial governments such as NTB (West Nusa Tenggara). One indicator showed that 93.23% (9 out of 10) students have improved their foreign language skills in courses for tourism sector workers.

Gita Wirjawan, Cakap’s Board Member and Former Minister of Trade, appreciates the consistency of the impact report released by Cakap, as an initiative to embody the company’s mission to "Elevate People's Lives" through its contribution to education in Indonesia. The achievements made by Cakap throughout 2022 prove that the capacity-building platform still has a potential market. "Like the idiom 'low hanging fruit,' I see that Cakap can explore many markets in order to elevate the nations. I believe that our workforce can compete, especially in the fields of hospitality and IT, as long as they are supported by proficient foreign language skills. This empowers them to boost their career globally, and this is a form of empowerment that needs to be further enhanced," stated Gita.

After the Covid-19 pandemic era, Cakap is optimistic that the edtech sector will continue to grow as the company aims to benefit 100 million Indonesians by 2030. From a business perspective, Cakap's achievement of positive EBITDA for four consecutive years reflects that education serves as an effective means to not only empower but also improve the quality of life for Indonesians and beyond. Comprehensive data regarding the 2022 impact report can be downloaded through the following link: https://bit.ly/cakap-impact-report-2022.