Kredivo to Raise More Funds with Unicorn Status

By Editorial Team 12/10/2022
Unicorn
Summary

The parent company of buy-now-pay-later (BNPL) platform Kredivo, FinAccel, is reportedly aiming to raise US$135 million in a Series D funding round. DealStreetAsia reported that the company has already pocketed around US$94 million from the funding round.

Referring to data from the Accounting and Corporate Regulatory Authority (ACRA) of Singapore, some notable investors took part in the financing, including Mirae Asset, Square Peg, Jungle Ventures, Openspace Ventures, and several other names. According to DealStreetAsia, the deal propels FinAccel's valuation to US$1.6 billion.

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