Mizuho Bank: Invests in Indonesia’s Digital Finance Company Kredivo
- Mizuho Bank has invested USD 125 million in Kredivo Holdings, a provider of digital financial services in Indonesia
- The investment is part of a strategy to contribute to financial inclusion through digital technology-focused financial services
- Indonesia has a large unbanked and underbanked population with low credit card penetration
- Kredivo is one of the top providers of Buy Now Pay Later services linked to post-payment services through online purchases
- Kredivo is also promoting financial inclusion by expanding the use of BNPL to offline stores
- The Bank will provide its expertise to strengthen and develop Kredivo’s financial service business
