Home / Articles / Buy now, pay later startup Kredivo doubles its debt facility from Victory Park Capital to $200M

Buy now, pay later startup Kredivo doubles its debt facility from Victory Park Capital to $200M

Kredivo announced today it has secured another $100 million debt facility from Victory Park Capital (VPC). This doubles the Indonesian digital lending and credit platform’s total warehouse financing facility from VPC to $200 million. The first round was closed in July 2020. Kredivo is operated by S…

  • Posted on 31st Aug, 2021 08:54 AM
  • 1375 Views
Buy now, pay later startup Kredivo doubles its debt facility from Victory Park Capital to $200M Image

Kredivo announced today it has secured another $100 million debt facility from Victory Park Capital (VPC). This doubles the Indonesian digital lending and credit platform’s total warehouse financing facility from VPC to $200 million. The first round was closed in July 2020.

Kredivo is operated by Singapore-based fintech FinAccel. This is the largest loan facility it has raised so far, and is VPC’s biggest debt commitment to a fintech company outside of the United States and Europe, as well as its only investment in Southeast Asia. Kredivo will use the debt facility to help achieve its goal of serving 10 million customers in Indonesia.

Buy now, pay later startup Kredivo doubles its debt facility from Victory Park Capital to $200M View Story

Latest 20 Post