About Us

Kredivo Group (formerly known as FinAccel) is Southeast Asia’s leading provider of digital financial services through its brands Kredivo, KrediFazz, and Krom. Our flagship product, Kredivo, is the leading digital credit platform in Indonesia and Vietnam that gives customers instant credit financing for ecommerce and offline purchases, and personal loans, based on real-time decisioning. Krom Bank Indonesia (formerly known as Bank Bisnis Internasional, IDX: BBSI) is the group’s bank entity and the operator of the neobank Krom. Kredivo Group aims to become the digital financial services platform of choice for tens of millions of consumers in Southeast Asia.

Our Milestones

  • 2024
    Hana Bank increases channeling facility limit to Rp 700 Billion 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

Kredivo Group Management

Akshay Garg

Akshay Garg

Group CEO and
Co-Founder

Dennis Lerchl

Dennis Lerchl

CFO

Jean Lua

Jean Lua

CHRO

Abhijay Sethia

Abhijay Sethia

Chief Strategy Officer

Valery Crottaz

Valery Crottaz

Chief Capital Officer
and Head of
International Expansion

Krishnadas

Krishnadas

Chief Commercial
Officer

Tarun Sharma

Tarun Sharma

SVP, Collections

Ahmad Johari

Ahmad Johari

SVP, Customer
Operations

Alethia Tan

Alethia Tan

VP, Growth

Phuong Tran

Phuong Tran

VP and General
Manager Vietnam

Kredivo (Indonesia)

Umang Rustagi

Umang Rustagi

Co-Founder and
President Director

Aries Purwo

Aries Purwo

Director, Risk

Paramananda Setiawan

Paramananda Setiawan

Founding Team
Director, Data and
Engineering

Kevin Siahaan

Kevin Siahaan

Director, Legal and
Compliance

Lily Suriani

Lily Suriani

Director, Business
Development

Indina Andamari

Indina Andamari

Founding Team
SVP, Marketing

KrediFazz (Indonesia)

Anita Wijanto

Anita Wijanto

President Director

Alie Tan

Alie Tan

Director

Helen Diana

Helen Diana

Founding Team
VP, Product

Krom Bank (Indonesia)

Anton Hermawan

Anton Hermawan

President Director

Laniwati Tjandra

Laniwati Tjandra

Director

Wisaksana Djawi

Wisaksana Djawi

Compliance and Risk
Management Director

Alvin Kurniawan

Alvin Kurniawan

Business and Finance
Director