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Corporation
INTERNET | eCommerce / eCommerce enablement
finaccel.co

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Founded Year

2015

Stage

Acq - Pending | Acquired

Total Raised

$411M

Valuation

$0000 

About FinAccel

FinAccel offers a real-time credit risk engine that powers Kredivo, a 2-click payment method that enables e-commerce buyers in Southeast Asia to get instant access to short-term financing for purchases.

FinAccel Headquarter Location

Dipo Tower Level M Jalan Jenderal Gatot Subroto Kav. 51-52, RW.7

Jakarta, 10260,

Indonesia

+62-21-5794-1265

Latest FinAccel News

Bank DBS Indonesia And Kredivo Increase Joint Financing Limit To US$70m

Oct 5, 2021

Bank DBS Indonesia And Kredivo Increase Joint Financing Limit To US$70m Doubling of the financing facility within a year reflects strong commitment from both parties to expand credit access and tap into Indonesia's fast-growing BNPL market Author: Oct 5, 2021 1:00 AM EDT JAKARTA, Indonesia and CHICAGO, Oct. 5, 2021 /PRNewswire/ -- Bank DBS Indonesia (DBS Indonesia) and Kredivo are pleased to announce a joint financing of up to US$70 million to be channeled to customers of Kredivo, the leading digital credit platform for retail borrowers in Indonesia. This collaboration is a part of a commitment from DBS Indonesia to create innovative and inclusive financial products that help a wider range of customers achieve their financial needs. For Kredivo, this collaboration will help further the company's commitment to expand credit access to tens of millions of users in the next few years both through its market leading buy now pay later (BNPL) and personal loan products. Rudy Tandjung, Consumer Banking Director, Bank DBS Indonesia said, "Since the joint financing collaboration between Kredivo and DBS Indonesia took place in September 2020, we have always been committed to always providing the best and innovative services to meet the growing needs of customers, especially in distribution of financing credit to the community. With this limit expansion of the cooperation scheme from US$35m to US$70m, we hope that we able to reach a wider community and increase financial inclusion." Umang Rustagi, CEO, Kredivo Indonesia said, "The shared vision between Kredivo and DBS Indonesia to provide easy, fast, affordable financial services is a strong foundation for this collaboration. This joint financing facility will accelerate growth, expand the services and the credit access to millions of new customers throughout Indonesia. In addition, this collaboration is proof of trust in fintech and a form of real synergy between fintech and banking." About DBS DBS is Asia's leading financial services group, with a presence in 18 markets, headquartered and registered in Singapore. DBS is in Asia's three main growth axes: China, Southeast Asia and South Asia. DBS' "AA-" and "Aa1" credit ratings are among the highest in the world. DBS is known for its global leadership, being named "World's Best Bank" by Euromoney, "Global Bank of the Year" by The Banker and "Best Bank in the World" by Global Finance. DBS is at the forefront of leveraging digital technology to shape the future of banking, being voted "World's Best Digital Bank" by Euromoney and "Most Innovative in Digital Banking" by The Banker. In addition, DBS received the "Safest Bank in Asia" award from Global Finance for 13 consecutive years from 2009 to 2020. DBS provides a complete range of services for customers, SME, as well as corporate banking. As a bank born and raised in Asia, DBS understands the intricacies of doing business in the region's most dynamic markets. DBS is committed to building lasting relationships with customers and having a positive impact on society through supporting social entrepreneurs the Asian bank way. DBS has also set up a SGD50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia. With an extensive operational network in Asia and an emphasis on staff engagement and empowerment, DBS presents exciting career opportunities. For more information, please visit www.dbs.com . CONTACT: Tarida Fransiska, Marketing & Branding Group Strategic Marketing & Communications PT Bank DBS Indonesia Email: fransiskatarida@dbs.com Mobile: (62) 813 11158121 About Kredivo Kredivo is the leading digital credit platform in Indonesia that gives customers instant credit financing for ecommerce and offline purchases, and personal loans, based on real-time decisioning. Kredivo users can buy now and pay later with one of the lowest interest rates amongst digital credit providers in the country. Kredivo's merchant partners benefit from instant point-of-sale financing, powered by its unique 2-click checkout. Kredivo is operated by FinAccel, a Singapore-headquartered financial technology company, with a mission to make financial services fast, affordable and accessible. FinAccel is backed by leading investors such as Mirae Asset, Naver, Square Peg Capital, Telkom Indonesia and Jungle Ventures, among others. Kredivo is supervised by OJK's multi-finance division in Indonesia. To know more about FinAccel and Kredivo, visit www.finaccel.co and www.kredivo.com . For More Information: View original content to download multimedia: https://www.prnewswire.com/news-releases/bank-dbs-indonesia-and-kredivo-increase-joint-financing-limit-to-us70m-301392404.html SOURCE Kredivo

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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 6 Expert Collections, including E-Commerce.

E

E-Commerce

8,739 items

D

Digital Lending

1,148 items

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.

P

Payments

1,614 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

I

Indonesia Fintech Landscape

128 items

F

Fintech

14,582 items

Excludes US-based companies

B

Buy Now, Pay Later

95 items

Track and capture company information and workflow.

FinAccel Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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FinAccel Rank

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