Our Milestones
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2024Increases channeling facility limit to Rp 800 Billion from Bank Shinhan Indonesia to expand underbanked credit penetration in Aug
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Launches the 2024 Indonesian PayLater Behavior Report in partnership with Katadata Insight Center in June
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Increases channeling facility limit to Rp 700 Billion from Hana Bank to expand easy and inclusive credit access in the retail sector in May
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Krom Bank launches Krom digital banking, enabling young generation to achieve their financial independence in Feb
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2023Partners with H&M to make fashion more accessible to all in Oct
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Partners with Bank Mandiri for Rp 1 Trillion channeling facility to accelerate financial inclusion in Indonesia in July
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Partners with Samsung as the first official partner for Samsung Finance+ in Southeast Asia in June
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The launch of Kredivo Katadata 4th annual edition of Indonesian e-Commerce Consumer Behavior Report in June
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Partners with Kanmo Group to respond to the increasing consumer shopping needs in Mar
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Closes ~US$270m Series D equity round led by Mizuho Financial Group and changes parent company name to Kredivo Group in Mar
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Partners with Shell Indonesia to offer the first-ever BNPL payment option for fuel purchases in Indonesia in Feb
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Partners with Hypermart to support post-pandemic retail sector growth in Jan
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2022Partners with Telkomsel to launch Telkomsel PayLater, the first telco Buy Now Pay Later (BNPL) digital financial solution service in Indonesia in November
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Partners with Kawan Lama Group to expand Paylater penetration through retail sector in Nov
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Partners with PT Ramayana Lestari Sentosa Tbk (Ramayana) to expand credit access in tier 2 & 3 cities in Aug
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Bank DBS Indonesia Increases Joint Financing Limit to IDR 2 Trillion to Accelerate Credit Distribution in the Retail Sector in July
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Partners with 1000 Days Fund to fight childhood stunting by distributing 200,000 Smart Charts across Indonesia in June
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The launch of Kredivo Katadata 3rd annual edition of Indonesian e-Commerce Consumer Behavior Report in June
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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
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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
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Acquired the majority ownership of Bank Bisnis to expand to digital banking in Apr
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Partnered with PT Mitra Adiperkasa Tbk (MAP) to make global brands more affordable for customer in Feb
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2021Partnered with Bank Sahabat Sampoerna to launch “Flexi Card”, a physical Paylater card in Dec
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Partnered with Standard Chartered to offer Buy Now, Pay Later (BNPL) loans to Kredivo users in Oct
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Closes Rp 1 Trillion Credit Line with DBS Indonesia to Accelerate Financial Inclusion in Oct
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Officially get a P2P Lending License from OJK for KrediFazz, FinAccel’s P2P Lending company in Oct
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Raises an additional PIPE investment and appoints new board of commissioners in Sep
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Launched Its Vietnam Operations Through a Joint Venture with Phoenix Holding in Aug
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Announces Plans to Publicly Traded Company via Merger with VPC Impact Acquisition Holdings II in Aug
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Partnered with eFishery to expand productive lending for MSMEs in Jul
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Closes up an additional US$100m debt facility with Victory Park Capital in Jun
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The launch of Kredivo Katadata 2nd annual edition of Indonesian e-Commerce Consumer Behavior Report in Jun
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Partnered with Bukalapak to provide a white label paylater feature for Bukalapak users in Apr
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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
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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
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2020Closes up to US$100m warehouse financing facility with Victory Park Capital to boost Indonesian expansion in Nov
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Launched “Generasi Djempolan”, a financial literacy movement to encourage millennials to be both tech-savvy and financially-savvy to accelerate economic recovery in Nov
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The release of the joint Kredivo Katadata report on Indonesian ecommerce user behavior in Aug
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2019Raised $90 million series C funding led by Asia Growth Fund and Square Peg in Dec
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Closed Rp 1 Trillion Credit Line with Permata Bank to Accelerate Financial Inclusion in Sep
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Won IDC DX 2019 “Information Visionary” Award in Sep
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Won “The Best Frictionless Credit Evaluation Initiative” Award at the Asian Banker Indonesia Country Awards in Sep
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Closed a US$20 million debt funding round with Partners for Growth (PFG) to fuel Indonesian expansion in Sep
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Launched Zero-click checkout, the fastest and most seamless checkout experience to transact on e-commerce in Sep
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Volunteered for #iamchange program by Happy Hearts Indonesia to build schools for early childhood education in East Nusa Tenggara in Aug
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Got fresh funding from Telkomsel, MDI Ventures in July
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Partnered with Citilink to offer affordable, instant credit to buy air travel for Indonesians in June
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Launched “Donation” feature in welcoming the Holy Month of Ramadan in May
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Partnered with Moka POS to Provide Digital Credit Payments in Offline Merchant in Feb
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2018Volunteer Trip to Lombok, Helping with the Reconstruction Efforts Post Natural Disaster in Dec
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Kredivo Selected in the KPMG & H2 Ventures top 100 Fintech Startups Globally and Singapore Fintech Festival’s #1 Fintech Startup in SEA in Nov
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Product Expansion into Personal Loans in Sept
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Won “The Best Lending Technology Platform in Indonesia” Award at the Asian Banker Indonesia Country Awards in Aug
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Won “Information Visionary of the Year” Award at IDC DX Awards Indonesia in Aug
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Google Play’s Top 30 Shortlist of “Standout Startup of 2018” in May
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Live with all of Indonesia’s top 5 ecommerce merchants in March
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2017Google Play’s Best App of 2017 “Hidden Gem” in Dec
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2016Installment loan product introduced in Aug
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Started operating, first loan disbursed in Apr
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2015FinAccel is incorporated, raised Seed Round lead by Jungle Ventures in Dec
Kredivo Group Management
Akshay Garg
Group CEO and
Co-Founder
Dennis Lerchl
CFO
Jean Lua
CHRO
Abhijay Sethia
Chief Strategy Officer
Valery Crottaz
Chief Capital Officer
and Head of
International Expansion
Krishnadas
Chief Commercial
Officer
Tarun Sharma
SVP, Collections
Ahmad Johari
SVP, Customer
Operations
Alethia Tan
VP, Growth
Phuong Tran
VP and General
Manager Vietnam
Kredivo (Indonesia)
Umang Rustagi
Co-Founder and
President Director
Aries Purwo
Director, Risk
Paramananda Setiawan
Founding Team
Director, Data and
Engineering
Kevin Siahaan
Director, Legal and
Compliance
Lily Suriani
Director, Business
Development
Indina Andamari
Founding Team
SVP, Marketing
KrediFazz (Indonesia)
Anita Wijanto
President Director
Alie Tan
Director
Helen Diana
Founding Team
VP, Product
Krom Bank (Indonesia)
Anton Hermawan
President Director
Laniwati Tjandra
Director
Wisaksana Djawi
Compliance and Risk
Management Director
Alvin Kurniawan
Business and Finance
Director