About Us

Our Milestones

• 2024

  Partners with MRT Jakarta as the first PayLater payment method for MRT rides in Oct
• Increases channeling facility limit to Rp 800 Billion from Bank Shinhan Indonesia to expand underbanked credit penetration in Aug
• Launches the 2024 Indonesian PayLater Behavior Report in partnership with Katadata Insight Center in June
• Increases channeling facility limit to Rp 700 Billion from Hana Bank to expand easy and inclusive credit access in the retail sector in May
• Krom Bank launches Krom digital banking, enabling young generation to achieve their financial independence in Feb
• 2023

  Partners with H&M to make fashion more accessible to all in Oct
• Partners with Bank Mandiri for Rp 1 Trillion channeling facility to accelerate financial inclusion in Indonesia in July
• Partners with Samsung as the first official partner for Samsung Finance+ in Southeast Asia in June
• The launch of Kredivo Katadata 4th annual edition of Indonesian e-Commerce Consumer Behavior Report in June
• Partners with Kanmo Group to respond to the increasing consumer shopping needs in Mar
• Closes ~US$270m Series D equity round led by Mizuho Financial Group and changes parent company name to Kredivo Group in Mar
• Partners with Shell Indonesia to offer the first-ever BNPL payment option for fuel purchases in Indonesia in Feb
• Partners with Hypermart to support post-pandemic retail sector growth in Jan
• 2022

  Partners with Telkomsel to launch Telkomsel PayLater, the first telco Buy Now Pay Later (BNPL) digital financial solution service in Indonesia in November
• Partners with Kawan Lama Group to expand Paylater penetration through retail sector in Nov
• Partners with PT Ramayana Lestari Sentosa Tbk (Ramayana) to expand credit access in tier 2 & 3 cities in Aug
• Bank DBS Indonesia Increases Joint Financing Limit to IDR 2 Trillion to Accelerate Credit Distribution in the Retail Sector in July
• Partners with 1000 Days Fund to fight childhood stunting by distributing 200,000 Smart Charts across Indonesia in June
• The launch of Kredivo Katadata 3rd annual edition of Indonesian e-Commerce Consumer Behavior Report in June
• Announces a commitment to the EDISON Alliance’s 1 Billion Lives Challenge to provide access to digital financial services in South East Asia in May
• Partnered with Mastercard and Bank BNI to launch Infinite Card, a virtual card that can be used to pay on all e-commerce and online platforms in Apr
• Acquired the majority ownership of Bank Bisnis to expand to digital banking in Apr
• Partnered with PT Mitra Adiperkasa Tbk (MAP) to make global brands more affordable for customer in Feb
• 2021

  Partnered with Bank Sahabat Sampoerna to launch “Flexi Card”, a physical Paylater card in Dec
• Partnered with Standard Chartered to offer Buy Now, Pay Later (BNPL) loans to Kredivo users in Oct
• Closes Rp 1 Trillion Credit Line with DBS Indonesia to Accelerate Financial Inclusion in Oct
• Officially get a P2P Lending License from OJK for KrediFazz, FinAccel’s P2P Lending company in Oct
• Raises an additional PIPE investment and appoints new board of commissioners in Sep
• Launched Its Vietnam Operations Through a Joint Venture with Phoenix Holding in Aug
• Announces Plans to Publicly Traded Company via Merger with VPC Impact Acquisition Holdings II in Aug
• Partnered with eFishery to expand productive lending for MSMEs in Jul
• Closes up an additional US$100m debt facility with Victory Park Capital in Jun
• The launch of Kredivo Katadata 2nd annual edition of Indonesian e-Commerce Consumer Behavior Report in Jun
• Partnered with Bukalapak to provide a white label paylater feature for Bukalapak users in Apr
• Become the official and exclusive partner in Indonesia and the first in Southeast Asia for Samsung Financing, an instant credit solution for Samsung in Mar
• Donated USD 100,000 to GSI Lab (~2,348 PCR tests) to accelerate COVID-19 testing in Indonesia, especially for those in need in Feb
• 2020

  Closes up to US$100m warehouse financing facility with Victory Park Capital to boost Indonesian expansion in Nov
• Launched “Generasi Djempolan”, a financial literacy movement to encourage millennials to be both tech-savvy and financially-savvy to accelerate economic recovery in Nov
• The release of the joint Kredivo Katadata report on Indonesian ecommerce user behavior in Aug
• 2019

  Raised $90 million series C funding led by Asia Growth Fund and Square Peg in Dec
• Closed Rp 1 Trillion Credit Line with Permata Bank to Accelerate Financial Inclusion in Sep
• Won IDC DX 2019 “Information Visionary” Award in Sep
• Won “The Best Frictionless Credit Evaluation Initiative” Award at the Asian Banker Indonesia Country Awards in Sep
• Closed a US$20 million debt funding round with Partners for Growth (PFG) to fuel Indonesian expansion in Sep
• Launched Zero-click checkout, the fastest and most seamless checkout experience to transact on e-commerce in Sep
• Volunteered for #iamchange program by Happy Hearts Indonesia to build schools for early childhood education in East Nusa Tenggara in Aug
• Got fresh funding from Telkomsel, MDI Ventures in July
• Partnered with Citilink to offer affordable, instant credit to buy air travel for Indonesians in June
• Launched “Donation” feature in welcoming the Holy Month of Ramadan in May
• Partnered with Moka POS to Provide Digital Credit Payments in Offline Merchant in Feb
• 2018

  Volunteer Trip to Lombok, Helping with the Reconstruction Efforts Post Natural Disaster in Dec
• Kredivo Selected in the KPMG & H2 Ventures top 100 Fintech Startups Globally and Singapore Fintech Festival’s #1 Fintech Startup in SEA in Nov
• Product Expansion into Personal Loans in Sept
• Won “The Best Lending Technology Platform in Indonesia” Award at the Asian Banker Indonesia Country Awards in Aug
• Won “Information Visionary of the Year” Award at IDC DX Awards Indonesia in Aug
• Google Play’s Top 30 Shortlist of “Standout Startup of 2018” in May
• Live with all of Indonesia’s top 5 ecommerce merchants in March
• 2017

  Google Play’s Best App of 2017 “Hidden Gem” in Dec
• 2016

  Installment loan product introduced in Aug
• Started operating, first loan disbursed in Apr
• 2015

  FinAccel is incorporated, raised Seed Round lead by Jungle Ventures in Dec