FinAccel raises $122m in Series C equity funding

It will expand to Indonesia.

Fintech startup FinAccel has raised $122m (US$90m) in a Series C equity funding round to expand to Indonesia, according to a press release.

FinAccel operates the lending app Kredivo in Indonesia with a transaction value growing at more than 300% per year.

Led by Asia Growth Fund and Square Peg, this round brought the total capacity raised by the company to more than $273m (US$200m) across both debt and equity.

Other participants in the funding include Cathay Innovation, Kejora Invest, Telkomsel Indonesia, Mirae Asset Securities, Singtel Innov8, Reinventure, and DST Partners.

Photo courtesy of FinAccel.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

AI keeps Singapore factories firing
Electronics climbed 35.8% as chemicals, biomedical, and transport engineering weakened.
Airwallex raises $320m in Series H funding round
Airwallex plans to expand into new markets and scale its AI teams.

Exclusives

Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.
Choosier Asia buyers steer auctions toward rare art
Collectors are bidding harder for works with clear ownership histories.