Kredivo Raises USD30 Million Series B to Accelerate Expansion in Southeast Asia
PT Telekomunikasi Indonesia, Tbk (TLK)
US:NYSE Investor Relations:
prnewswire.com/news-releases/telkom-indonesia-files-its-2016-annual-report-on-form-20-f-300431666.html
Company Research
Source: PR Web
Singapore and Jakarta (PRWEB) July 25, 2018 Jakarta based FinAccel has raised a USD30 million Series B equity investment round led by Square Peg Capital, with participation from new investors MDI Ventures and Atami Capital, and from existing investors Jungle Ventures, Openspace Ventures, GMO Venture Partners, Alpha JWC Ventures and 500 Startups.FinAccel's core product, Kredivo, is a digital credit card and point-of-sale transaction engine that enables consumers to quickly and easily "buy now and pay later" on Indonesia's leading e-commerce sites. Kredivo solves major problems for both consumers and e-commerce merchants. For merchants, it increases order value and eases the friction in online transactions that can lead up to 80% cart abandonment rates. For consumers, it enables a fast and safe online checkout while offering flexible payment terms, such as interest-free 30 days or low-cost installment plans. Kredivo credit scores and approves consumers in real-time using its proprietar
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