Kredivo, a Southeast Asian credit fintech, raises USD 270 million in Series D


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The funding landscape in Southeast Asia is still bleak, but one fintech secured a significant round. Kredivo Holdings, which provides credit services to unbanked consumers in Indonesia and Vietnam, has reportedly raised USD 270 million in an oversubscribed Series D offering.

With a USD 125 million contribution, Mizuho Bank, a subsidiary of Mizuho Financial Group, led the round. Investors who had previously invested in the company, including Square Peg Capital, Jungle Ventures, Naver Financial Corporation, GMO Venture Partners, and Openspace Ventures, participated.

The company has now committed almost USD 1 billion in debt facilities and raised a total of about USD 400 million in equity to expand its loan book.

Read More: Southeast Asian credit fintech Kredivo scores $270M Series D

TalkFintech Bureau
TalkFintech Bureau
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.


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