Tag "Kredivo"
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
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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,
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Regulatory Tailwinds: A Look Into Indonesia’s New Digital Banking Framework
When Bank Indonesia released a new set of regulations for commercial banks last week, attention turned towards the long-awaited digital banking guidelines which were released alongside it. Indonesia joined its regional counterparts Singapore, Malaysia and the Philippines in issuing these
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Indonesian BNPL Kredivo Begins SE Asian Expansion Plans with Vietnamese Launch
Kredivo, an Indonesian Buy Now, Pay Later (BNPL) platform, announced its expansion into Vietnam through a joint venture with Phoenix Holding, a family investment company based in the country. This move comes on the heels of the announcement by FinAccel,
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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,
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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
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Kredivo Closes up to US$20m Credit Line with Partners for Growth
Jakarta-headquartered Kredivo, a digital credit platform for retail borrowers across Indonesia, and Partners for Growth V, L.P. (PFG), a venture debt firm in the U.S. and Australia, announced today the closing of a debt line of up to US$20m to
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Bukalapak’s Fintech Could Outgrow its E-Commerce, Said Co-Founder
One cannot talk about startups in Indonesia without bringing up Bukalapak, arguably one of the biggest e-commerce platforms in the nation. Bukalapak has graduated from its startup roots and gained the coveted title of Indonesian unicorn. They are now in the
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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
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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
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