About Us | Kredivo Group: Building Fast, Affordable and Accessible Financial Products

Our Milestones

2023

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