MDI Ventures and Several Investors Pour 1.79 Trillion Rupiah to Kredivo through PIPE
They also announced three new Board of Commissioners, Arsjad Rasjid, Darmin Nasution, and Karen Brooks
Kredivo's parent company, FinAccel received another investment of $125 million or 1.79 trillion Rupiah from MDI Ventures, Cathay Innovation, and Endeavor Catalyst through Private Investment in Public Equity (PIPE). This additional investment will strengthen its position ahead of the IPO preparation through the SPAC scheme.
In his official statement, MDI Ventures CEO Donald Wihardja said he was impressed with the company's vision to build an AI-based digital consumer credit platform through the use of its first post-funding alternative data for the series B round. Kredivo is also supported by ongoing partnerships with eight leading e-commerce platforms in Indonesia.
On the same occasion, FinAccel also announced three new ranks to fill the position of the Board of Commissioners of Kredivo Indonesia, Arsjad Rasjid, Darmin Nasution, and Karen Brooks. All three are still waiting for approval from the regulator. Meanwhile, the new Board of Commissioners will play a role in helping to design the strategic growth and expansion of Kredivo's market.
Already have an account? Login
Not ready to subscribe yet? Purchase and access this article
Subscribe to keep reading and get unlimited premium article access with all subscription benefits
Subscribe and get:
- Access to premium articles
- Download paid research
- Premium newsletters
- Ads free
Choose your subscription period:
IDR 150,000 /month
Pay for a month
- IDR 450,000
IDR 350,000 /quarter
Pay for 3 months
- IDR 1,800,000
IDR 1,033,000 / year
Pay for a year
Sign up for our
newsletter