Loading organizations...
§ Private Profile · Singapore, Central Region, Singapore
Financial technology company offering digital credit solutions like BNPL and installment loans for online and offline shopping in Southeast.
Kredivo Group is a financial technology company based in Jakarta, Indonesia, offering digital credit solutions like buy now, pay later (BNPL), installment loans, and cash advances for online and offline shopping across Southeast Asia. The company provides instant credit limits via a digital credit card equivalent, partnering with major e-commerce platforms such as Tokopedia, Lazada, and Shopee, as well as offline merchants and transport services like Transjakarta. Kredivo Group has raised approximately US$270 million in its Series D round in 2022, following a 2021 PIPE and equity raise totaling $175 million that valued the company at around $2.5 billion. It serves over 2 million users and has secured significant debt facilities, including an IDR 3 trillion credit line with DBS Indonesia. Lead investors include Mizuho Financial Group, Jungle Ventures, NAVER, and Square Peg. Kredivo Group was founded in 2015 by Akshay Garg and Umang Rustagi.
Kredivo Group has raised $650.0M across 6 funding rounds.
Key people at Kredivo Group.
Kredivo Group was founded in 2015 by Alie Tan (Chief Innovation Officer/ Co-Founder).
Kredivo Group has raised $650.0M in total across 6 funding rounds.
Kredivo Group has raised $650.0M across 6 funding rounds. Most recently, it raised $270.0M Series D in March 2023.
Kredivo Group is a leading Southeast Asian fintech company specializing in digital financial services, particularly buy now, pay later (BNPL) credit, personal loans, and digital banking. Its flagship product, Kredivo, provides instant credit financing for e-commerce and offline purchases via AI-powered real-time decisioning, targeting Indonesia's growing middle class with low interest rates and a 2-minute approval process.[1][3][6] The company serves underserved consumers in emerging markets, partnering with top e-commerce merchants (across eight of Indonesia's top 10), retailers like H&M and Samsung, and banks such as BCA Digital and Bank Mandiri to drive financial inclusion.[1][4] Growth remains strong, with a user base nearing 4 million in 2021 (doubling in 10 months), market-leading 50% BNPL share, annualized revenue doubling, and expansions into earned wage access (EWA) via GajiGesa acquisition and digital banking through Krom.[1][2][4]
Kredivo Group, formerly FinAccel, was founded in 2015 in Singapore by co-founder and CEO Akshay Garg, who identified a gap in consumer credit access in Southeast Asia where traditional banks lagged.[1][2][3][4] Incorporated that December with seed funding from Jungle Ventures, it disbursed its first loan in April 2016 and launched installment products in August.[4] Early traction came from Google Play's "Best App of 2017 Hidden Gem" award and integration with Indonesia's top e-commerce platforms by 2019.[4] Pivotal moments include a $90M Series C in 2019, a ~$270M Series D in 2023 led by Mizuho (prompting the name change to Kredivo Group), and 2025 moves like acquiring GajiGesa for EWA entry and launching Krom digital banking.[2][4]
Kredivo rides the explosive growth of e-commerce and digital finance in Southeast Asia, where Indonesia's market eyes $145B NMV by 2025 (20%+ CAGR) amid a burgeoning middle class underserved by banks.[1][3] Timing aligns with rising smartphone penetration and post-pandemic digital adoption, positioning BNPL/EWA as alternatives to high-cost informal lending. Market forces like government pushes (e.g., Danantara for economic growth) and competitor dynamics (vs. Akulaku, Boost) favor Kredivo's scale and tech edge.[2] It influences the ecosystem by accelerating inclusion—partnering for urban mobility (Transjakarta), fashion access (H&M), and literacy campaigns—while data insights (e.g., Katadata reports) shape e-commerce strategies.[4]
Kredivo Group is poised for accelerated regional dominance, leveraging 2025 milestones like GajiGesa integration and expanded facilities (Rp700B from Hana Bank) to tap EWA and banking synergies amid Indonesia's 5-8% growth ambitions.[2][4] Trends like AI credit scaling, Temasek-style state investments, and e-commerce maturity will propel it into Vietnam/Thailand, potentially mirroring Western BNPL giants but with local adaptation.[1][2] Influence may evolve toward a full-stack "super app" for credit, savings, and wages, redefining inclusion for millions—building on its founding vision of fast, affordable finance for all with a mobile.[3][6]
Key people at Kredivo Group.
Kredivo Group was founded in 2015 by Alie Tan (Chief Innovation Officer/ Co-Founder).
Kredivo Group has raised $650.0M in total across 6 funding rounds.
Kredivo Group's investors include Daisuke Horiuchi, 500 Global, Accel, Inspired Capital, Jungle Ventures, Khosla Ventures, Openspace Ventures, Square Peg Capital, Aleksander Leonard Larsen, Daniela Binatti, Jannick Malling, Leif Abraham.
