FinAccel, the parent company of Kredivo, runs a buy now, pay later (BNPL) service that leverages an AI-powered credit risk engine to extend quick, low-cost credit to Indonesian shoppers through partnerships with local e-commerce merchants. The firm has built a customer base of nearly 4 million users and is positioning itself to reach tens of millions more in one of the world’s largest unbanked markets. Kredivo’s technology underwrites borrowers in real time, enabling widespread financial inclusion and supporting both online merchants and end consumers. To strengthen governance and strategic reach, the company has added Arsjad Rasjid, Darmin Nasution and Karen Brooks to the Board of Commissioners of Kredivo Indonesia. Financially, FinAccel is preparing to go public through a US$2.5 billion SPAC transaction and has continued to attract capital to support this effort. Its latest financing—an additional PIPE investment—adds to a history of backing from prominent global investors. The company remains focused on scaling its BNPL offering while expanding into adjacent credit products as it readies for the public markets.

Total raised

$775M

Funding rounds

8

Latest round

Series D

Latest activity

Mar 2023