Kredivo Group Secures $390 Million in Funding to Propel Digital Financial Services Expansion

Kredivo Group, Southeast Asia's preeminent provider of digital financial services, has successfully raised an impressive $390 million in its latest funding round. This capital infusion will further solidify Kredivo's position as the leading digital credit platform in Indonesia and Vietnam, offering customers instant credit financing for both ecommerce and offline purchases, along with personal loans based on real-time decision-making technology. With its innovative "buy now, pay later" option, Kredivo allows users to shop across Indonesia's extensive retail landscape, enjoying some of the lowest interest rates among digital credit providers in the region. This funding will enable Kredivo to enhance its product offerings, expand its user base, and invest in technology to drive even more efficient services, thereby reinforcing its commitment to financial inclusion and accessibility in Southeast Asia. Furthermore, the capital will fuel the growth of Krom, Kredivo’s neobank in Indonesia, which aims to provide comprehensive banking services tailored to the needs of the modern consumer. The funding round was supported by a stellar lineup of esteemed investors, including Mizuho Financial Group, Square Peg Capital, Jungle Ventures, Naver Corp, and Mirae Asset among others, reflecting strong confidence in Kredivo’s vision and market potential. As Kredivo Group embarks on this exciting journey, it remains dedicated to empowering millions with accessible and responsible financial solutions, paving the way for a more inclusive digital economy in the region.