Company enabling ‘pay later’ in Southeast Asia raised fundingPosted by payspacemagazine on December 25th, 2019 FinAccel, a Singaporean fintech company, has raised million in a Series C equity funding round for its expansion in Indonesia and the region. The company enables Indonesian consumers to buy online and pay later under the brand Kredivo. According to a recent article in PaySpace Magazine, the funding was jointly led by Asia Growth Fund and Square Peg. This funding round brings the total capital raised by the company this year to more than 0 million. The article also states that although the funding round has already been closed, it will contribute to the momentum that the company has enjoyed in the past years. FinAccel aims to be present at the checkout of most of the leading Indonesian e-commerce merchants, growing the transaction value at about 300% annually. The funding was jointly led by Asia Growth Fund and Square Peg. This funding round brings the total capital raised by the company this year to more than 0 million. Although the funding round has already been closed, it will contribute to the momentum that the company has enjoyed in the past years. FinAccel aims to be present at the checkout of most of the leading Indonesian e-commerce merchants, growing the transaction value at >300% annually. Like it? Share it! |