FinAccel is a financial technology company that leverages deep data analytics across users' digital footprint to automate credit risk scoring and access to credit in Southeast Asia. The company's product, Kredivo, is a buy now, pay later solution that enables eCommerce buyers to apply and qualify for instant credit and pay back over time. Merchants using Kredivo benefit from providing point-of-sale financing using a 2-click checkout to all eligible buyers. The company was founded in 2015 and is based in Singapore.
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Research containing FinAccel
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CB Insights Intelligence Analysts have mentioned FinAccel in 1 CB Insights research brief, most recently on Aug 20, 2020.
Expert Collections containing FinAccel
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
FinAccel is included in 5 Expert Collections, including E-Commerce.
Unicorns- Billion Dollar Startups
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Latest FinAccel News
Nov 24, 2022
PR Newswire Chao Gao, Jean Lua, Matthew Mullarkey and Wisaksana Djawi add world-class tech, HR, legal and digital banking prowess to FinAccel SINGAPORE, Nov. 24, 2022 /PRNewswire-PRWeb/ -- FinAccel, the leading digital financial services company in Southeast Asia, today announced the appointment of Chao Gao as CTO, Kredivo, Jean Lua as Chief HR Officer, Matt Mullarkey as General Counsel and Wisaksana Djawi as Director, Krom Bank. Prior to joining FinAccel, Chao was CTO at Imprint, an early stage US-based fintech startup, and prior to that, the head of engineering for Grab's delivery segment, where he led the development of the engineering stack that today powers the largest delivery business in Southeast Asia. Jean was previously a senior HR leader for Shopee International and prior to that role led organization & people development initiatives across the company. Matt was previously at Shearman and Sterling LLP in Singapore, specializing in finance, M&A and energy transactions. Wisaksana Djawi was previously part of the launch team for Bank Jago, one of Indonesia's pioneering neobanks, and prior to that, held various business roles at HSBC Indonesia. AD AD "Chao, Jean, Matt and Wisaksana are top-flight executives who will help us drive our growth to the next level. Not only do they bring strong expertise in their respective functions, but they also share a strong desire to be part of one of the most transformational fintech companies in Southeast Asia. We're excited to welcome them to our leadership team," said Akshay Garg, Group CEO of FinAccel. In a joint statement, Chao, Jean, Matt and Wisaksana said, "We are thrilled to be joining FinAccel at this time. With a singular culture, Kredivo's established market leadership and the upcoming launch of the neobank Krom, the company is firing on multiple cylinders. We're very excited to take the company to the next level of growth." About FinAccel FinAccel is a financial technology company focused on making financial services fast, affordable and accessible for the under-banked population of Southeast Asia. FinAccel's products and entities include Kredivo, the leading BNPL platform in Indonesia and Vietnam, KrediFazz, the leading digital credit platform in Indonesia, and Krom Bank Indonesia (formerly Bank Bisnis). FinAccel is backed by leading venture capital firms and corporate investors such as Square Peg Capital, Jungle Ventures, Naver Financial, Mirae Asset and Victory Park Capital Advisors among others. To know more about FinAccel, visit http://www.finaccel.co . Media Contact SOURCE FinAccel Pte Ltd
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FinAccel Frequently Asked Questions (FAQ)
When was FinAccel founded?
FinAccel was founded in 2015.
What is FinAccel's latest funding round?
FinAccel's latest funding round is Series D.
How much did FinAccel raise?
FinAccel raised a total of $551M.
Who are the investors of FinAccel?
Investors of FinAccel include Jungle Ventures, OpenSpace Ventures, Square Peg Capital, GMO VenturePartners, Cathay Innovation and 21 more.
Who are FinAccel's competitors?
Competitors of FinAccel include Akulaku and 2 more.
Compare FinAccel to Competitors
Akulaku is an e-commerce platform that allows users to shop by using installments and without needing to own a credit card. It offers services for Malaysia, Indonesia, and the Philippines.
Pace Enterprise is a Singapore-based online payment platform, mainly engaged in online installment payment services.Pace's BNPL service allows shoppers to split their purchases into three interest-free payments over 60 days.
Oriente is a data-driven technology company building fintech ventures designed to unlock opportunity through financial and digital inclusion across Asia. The company's products include Cashalo and Finmas.Cashalo is a fintech platform that delivers digital credit to Filipinos, helping them elevate their financial well-being.Finmas is a peer-to-peer lending platform in Indonesia providing access to loan requests through mobile applications.
Indodana is a financial technology company that operates a credit marketplace for peer-to-peer loans. It is based in Jakarta, Indonesia.
Atome offers a "buy now, pay later" platform that allows consumers to split bills into three equal, zero-interest payments. The company provides its services to consumers, primarily in Asia. The company was founded in 2017 and is based in Singapore.
Pine Labs offers cloud-based point-of-sale (PoS) payments solutions, allowing merchants to accept credit or debit card payments, as well as methods such as e-wallets, QR code payment solutions, and unified payments interface (UPI)-based solutions.
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