# Kredivo Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kredivo-group

- Industry: Financial Services
- Headquarters: Kota Jakarta Pusat, Indonesia
- Website: www.kredivocorp.com
- Total disclosed funding: $394M
- Latest round: Series D (Mar 28, 2023)
- Investors on record: 24

## About

Kredivo Group Ltd. is a leading digital financial service provider in Indonesia and Vietnam, specializing in offering instant credit solutions to enhance consumer access to financing for online and offline purchases.Founded in 2016 in Kota Jakarta Pusat, Indonesia, Kredivo Group Ltd. operates as a prominent digital credit platform. The company was co-founded by Akshay Garg and Umang Rustagi. It has participated in 11 funding deals, with the most recent being a Series D round on March 28, 2023, where it successfully raised USD 266.79 mn led by Mirae Asset Global Investments and involving several other investors. Currently, Kredivo Group has a company valuation of USD 1,789.51 mn.Kredivo Group, through its flagship product Kredivo, provides innovative digital financial solutions that facilitate consumer access to credit. It offers instant credit financing for e-commerce and offline purchases, as well as personal loans, supported by a real-time decision-making process. The group's KrediFazz product provides instant cash loans with competitive interest rates, and Krom serves as a digital banking platform enabling efficient financial management. These offerings target a diverse customer base in Southeast Asia, focusing on financial independence and inclusion.Kredivo Group generates revenue through interest and fees from its digital credit products, including Kredivo and KrediFazz. Transactions typically involve direct interactions with consumers utilizing Kredivo for purchases at partner merchants, such as low-interest installment plans for items like smartphones. Their revenue model supports individual consumers and retail merchants, facilitated by Kredivo's Point of Sale (PoS) financing solutions, alongside strategic partnerships aimed at expanding access to credit in underserved markets.In March 2023, Kredivo raised USD 266.79 mn in Series D funding, led by Mirae Asset Global Investments, to support its growth initiatives. The company aims to launch new products and enhance its services, focusing on expanding its market presence in Southeast Asia. With the recent funding, Kredivo plans to invest in developing innovative financial solutions and entering new geographic markets to further promote financial inclusion.

## Funding rounds

- Series D, Mar 28, 2023, $267M — Mirae Asset Global Investments, Cathay Capital, Jungle Ventures, Mizuho Bank, Endeavor Catalyst, Square Peg, GMO VenturePartners, GMO Payment Gateway, Inc., Openspace Capital, Mirae Asset Securities, Ischyros New York
- Series C, Nov 15, 2019, $90M — Mirae Asset Global Investments, Cathay Capital, Singtel Innov8, Square Peg, GMO VenturePartners, Reinventure, Kejora Capital, Kauffman Fellows, Telkomsel Mitra Inovasi, Mirae Asset Securities, Asia Growth Fund, DST Partners, Mirae Asset Sekuritas, Tona Investments LP
- Series B, Apr 18, 2019, $30M — 500 Global, Jungle Ventures, Square Peg, GMO VenturePartners, Alpha JWC Ventures, MDI Ventures, Atami Capital, Openspace Capital
- Series A, Dec 5, 2017, $6.5M — 500 Global, Jungle Ventures, GMO VenturePartners, Alpha JWC Ventures, Openspace Capital
- Seed, Jun 1, 2016, $1.1M — 500 Global, Jungle Ventures, GMO VenturePartners, Alpha JWC Ventures

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed, Series A, Series B
- Jungle Ventures (https://capitalatlas.ai/funds/jungle-ventures) — Seed, Series A, Series B, Series D
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Seed, Series A, Series B, Series C, Series D
- Alpha JWC Ventures (https://capitalatlas.ai/funds/alpha-jwc-ventures) — Seed, Series A, Series B
- Openspace Capital (https://capitalatlas.ai/funds/openspace-capital) — Series A, Series B, Series D
- Square Peg (https://capitalatlas.ai/funds/square-peg) — Series B, Series C, Series D
- MDI Ventures (https://capitalatlas.ai/funds/mdi-ventures) — Series B
- Atami Capital (https://capitalatlas.ai/funds/atami-capital) — Series B
- Mirae Asset Global Investments (https://capitalatlas.ai/funds/mirae-asset-global-investments) — Series C, Series D
- Cathay Capital — Series C, Series D
- Singtel Innov8 (https://capitalatlas.ai/funds/singtel-innov8) — Series C
- Reinventure (https://capitalatlas.ai/funds/reinventure) — Series C
- Kejora Capital (https://capitalatlas.ai/funds/kejora-capital) — Series C
- Kauffman Fellows (https://capitalatlas.ai/funds/kauffman-fellows) — Series C
- Telkomsel Mitra Inovasi (https://capitalatlas.ai/funds/telkomsel-mitra-inovasi) — Series C
- Mirae Asset Securities (https://capitalatlas.ai/funds/mirae-asset-securities) — Series C, Series D
- Asia Growth Fund — Series C
- DST Partners — Series C
- Mirae Asset Sekuritas — Series C
- Tona Investments LP — Series C
- Mizuho Bank — Series D
- Endeavor Catalyst (https://capitalatlas.ai/funds/endeavor-catalyst) — Series D
- GMO Payment Gateway, Inc. — Series D
- Ischyros New York — Series D