FinAccel
80 Amoy St #03-02 Attic Florida, Singapore, Central Singapore, 069899
Overview
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 e-commerce and offline purchases, and personal loans, based on real-time decision-making.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 8
Sector focus
- Consumer Lending
- Finance
- Financial Services
- FinTech
Investment portfolio
- Timo
Participated · Equity · Jan 2022
Timo Digital Bank is a Ho Chi Minh City–based digital bank founded in 2015 by CEO Henry Nguyen. The company operates as a digital bank and in 2019 announced a strategic partnership with Viet Capital Bank. In 2022 Timo secured $20M in funding to support its growth. The company intends to use the funds to expand operations and broaden its business reach. Investors named in the round include Square Peg, Jungle Ventures, Granite Oak, FinAccel, Phoenix Holdings (an existing investor) and other angels.
- Timo
Participated · Equity · Jan 2022
Timo is Vietnam’s first digital banking platform, established in 2015, that provides customer‑centric digital banking services including eKYC onboarding. The company has positioned itself as the country’s leading digital bank and has pursued a vision of social banking to embed financial services into broader customer lives. In 2019 Timo announced a strategic partnership with Viet Capital Bank to accelerate its growth. The bank emphasizes speeding up onboarding and improving access for the largely unbanked population in Vietnam. Timo highlights continuous innovation and has received industry recognition and awards for its digital banking services. The company is based in Ho Chi Minh City, Vietnam. Timo is a mobile-first digital bank serving Vietnam’s millennials with a branchless banking model and a single physical cafe called the Timo Hangout for KYC and customer onboarding. Since launching earlier in the year it has onboarded about 4,000 customers, demonstrating early consumer demand. The platform operates as a digital front end with a licensed banking partner backend (VPBank). Timo targets city dwellers with smartphones and 3G—an addressable cohort the CEO estimates at roughly 6 million users concentrated in Ho Chi Minh City and Hanoi. The company plans to open a second Hangout in Hanoi in October to expand its physical onboarding presence. CEO and co-founder Claude Spiese, a former software consultant, has lived and worked in Vietnam for 20 years and shaped the product around local consumer behavior.