FinTechFundingPayments

Kredivo: Secures $100M Debt Facility from Victory Park Capital

  • 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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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