Tagged: kredivo

April 5, 2022 @ 10:29 pm By Omar Faridi  |  

PT FinAccel Teknologi Indonesia, a directly controlled subsidiary of FinAccel Pte Ltd, the parent firm of Kredivo, has announced the acquisition of “a majority stake in PT Bank Bisnis Internasional, Tbk., an IDX listed entity (ticker BBSI).” This acquisition represents a “significant step in FinAccel’s… Read More

August 4, 2021 @ 11:04 pm By Omar Faridi  |  

FinAccel, the parent of Kredivo, an AI-powered digital consumer credit platform based in Southeast Asia, and VPC Impact Acquisition Holdings II (NASDAQ: VPCB), a special purpose acquisition company sponsored by Victory Park Capital, revealed on August 2, 2021 that they have finalized a definitive agreement… Read More

January 28, 2020 @ 12:54 pm By Omar Faridi  |  

Westpac-backed VC fund Reinventure aims to increase its presence in Asia’s Fintech economy. Reinventure has reportedly joined a $90 million investment round for Kredivo’s owner, Indonesia’s fast-growing “buy now, pay later” (BNPL) platform. Asia Growth Fund and Square Peg led Reinventure’s latest round for FinAccel,… Read More

December 3, 2019 @ 6:53 am By Omar Faridi  |  

Singapore-based FinAccel, a Fintech firm that allows Indonesian consumers to purchase items online and make payments later under the Kredivo brand, has secured $90 million via a Series C equity funding round. The funds will be used to expand the firm’s operations in Indonesia. According… Read More

September 4, 2019 @ 4:16 pm By Samantha Hurst  |  

Kredivo, an Indonesia-based digital credit platform, announced on Wednesday it has closed its debt line of up to $20 million to fund loans for its borrowers. According to Kredivo, the debt line was conducted with Partners for Growth V, L.P. (PFG), a venture debt firm… Read More