Fintech Singapore | FinAccel Archives

Tag "FinAccel"

FinAccel Snaps up 75% Stake in Bank Bisnis to Bolster Its Digital Banking Plans

FinAccel Teknologi Indonesia, a directly controlled subsidiary of FinAccel which is the parent company of Kredivo, has announced the acquisition of a majority stake in Bank Bisnis Internasional, an Indonesia Stock Exchange-listed entity. At the end of the acquisition process,

Funding Indonesia Lending

FinAccel Scraps SPAC Merger Deal With Victoria Park

FinAccel, the parent company of Indonesian Buy Now, Pay Later (BNPL) platform Kredivo, has scrapped its plans to merge with VPC Impact Acquisition Holdings II (VPCB), a publicly traded special purpose acquisition company sponsored by Victory Park Capital (VPC). Unfavorable

Funding Indonesia Lending

FinAccel Raises Additional US$125 Million PIPE Investment Ahead of IPO Plans

FinAccel, the parent company of Buy Now, Pay Later (BNPL) platform Kredivo, announced that three of its existing investors has joined its PIPE deal which is in excess of US$125 million. The investors in the PIPE deal are MDI Ventures,

Indonesia Lending

Indonesian BNPL Platform Kredivo Poised for an IPO Through US$2.5 Billion SPAC Deal

FinAccel, the parent company of Buy Now, Pay Later (BNPL) platform Kredivo, plans to go public through a special purpose acquisition company VPC Impact Acquisition Holdings II (VPCB) sponsored by Victory Park Capital (VPC), valuing it at US$2.5 billion. VPC,

Indonesia Lending

Kredivo’s Parent FinAccel Raises US$90 Million; Doubles Down on Growth in South East Asia

Singapore-headquartered FinAccel, a fintech firm that enables Indonesian consumers to buy online and pay later under the brand Kredivo, has raised US$90 million in a Series C equity funding round to expand in Indonesia and the region. Since inception just

Funding

10 Top Funded Fintech Companies in Indonesia

Indonesia’s fintech is probably one of the fastest growing tech sectors recently, thanks to the proliferation of peer-to-peer (P2P) lending. According to the Indonesian Financial Services Authority (OJK), transactions through P2P lending totaled US$951 million (Rp 13.8 trillion) in the

Funding Indonesia

5 of Indonesia Fintech’s Biggest Funding Rounds of 2018

DailySocial Indonesia recently released a report about their findings on the Indonesian fintech scene, recently notable with the rise of peer-to-peer (P2P) lending. Between December 2017 to November 2018, DailySocial observed at least 14 disclosed funding for fintech startups, noting

Big Data Indonesia

Indonesian Credit Score Fintech Raised USD30 Million Series B to Expand in Southeast Asia

Jakarta based FinAccel has raised a USD30 million Series B equity investment round led by Square Peg Capital, with participation from new investors MDI Ventures and Atami Capital, and from existing investors Jungle Ventures, Openspace Ventures, GMO Venture Partners, Alpha

Various

6 undiscovered Fintech Startups in Southeast Asia VCs Should Keep an Eye on

Southeast Asia is the world’s fastest-growing region in terms of Internet users. The region’s Internet economy is expected to be worth US$200 billion by 2025 with the biggest portion going toward e-commerce. Investors are also excited about fintech, which promises

Indonesia

Fintech Takes Off In Indonesia

Investment in fintech startups is set to hit a record hit in 2017 with an estimated 50 deals to close this year, according to an analysis by CB Insights. While the overall industry is gaining traction from both consumers and