Kredivo Group provides a suite of digital financial products—including instant Buy‑Now‑Pay‑Later credit, earned‑wage access, and full‑service digital banking—delivered via mobile apps and partner integrations across Indonesia and Southeast Asia. By leveraging large credit facilities from partner banks and advanced risk‑assessment models, it enables rapid, low‑friction loan disbursement and flexible repayment for consumers and offers white‑label credit solutions for merchants and fintech partners.
Funding
$604.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MBFounders
Product
Problem
Many consumers in Indonesia and Southeast Asia lack access to quick, affordable credit and digital financial services, especially in tier‑2 and tier‑3 cities where traditional banking infrastructure is limited. This financial exclusion hampers everyday purchases, mobility, and income stability for a large portion of the mobile‑phone‑enabled population.
Solution
Kredivo Group offers a suite of digital financial products—including instant Buy‑Now‑Pay‑Later (BNPL) credit, earned‑wage access, and full‑service digital banking—delivered through mobile applications and partner integrations. By partnering with banks such as DBS, BCA Digital, and local retailers, Kredivo channels large credit facilities that enable rapid loan disbursement with transparent pricing and minimal friction. The platform embeds credit options directly into e‑commerce sites, transportation services, and other consumer touchpoints, allowing users to complete transactions and repay over flexible terms without visiting a branch. Advanced risk‑assessment models and real‑time data analytics support fast underwriting while maintaining low default rates. Through acquisitions like Timo (Vietnam) and GajiGesa (EWA), Kredivo expands its product range across the region, aiming to provide universally accessible financial services to anyone with a mobile phone.
Target Audience
Primary customers are digitally savvy consumers in Indonesia and neighboring Southeast Asian countries who need quick, affordable credit for everyday purchases, as well as merchants, transportation providers, and fintech partners seeking to embed credit services into their platforms.
Features
- Instant BNPL credit integrated into online and offline merchant checkout flows, with flexible repayment tenors
- Earned Wage Access (EWA) service that lets employees withdraw a portion of earned wages before payday
- Full‑service digital banking (Krom Bank) offering high‑interest savings, secure transactions, and mobile‑first account management
- Large channeling facilities from partner banks (e.g., IDR 3 trillion from DBS) that fund rapid credit distribution
- API and white‑label solutions for partners such as Transjakarta, MRT Jakarta, and major retailers to embed PayLater options
- Transparent fee structure and real‑time loan status visible in the mobile app
- Cross‑border expansion through acquisitions (Timo in Vietnam) and regional offices to serve multiple Southeast Asian markets