- Kredivo, a digital credit platform for retail borrowers across Indonesia, secured a debt facility of up to $100m from Victory Park Capital
- The deal – VPC’s first in Southeast Asia – will fund consumer loans for Kredivo’s borrowers in Indonesia
- The company will also use the funds to grow and further diversify the funding of its loan book, all of which the third party generated
- Kredivo is a digital credit platform in Indonesia that gives customers instant credit financing for eCommerce and offline purchases, and personal loans
- Then the technology platform powered exclusively by FinAccel, a Singapore headquartered financial technology company backed by investors
- It supervised by OJK’s multi-finance division in Indonesia
