Kredivo to Dominate Paylater Market with Mizuho Bank's Support

By Editorial Team 24/03/2023
buy now pay later
Summary

Kredivo Holdings raised US$270 million in an oversubscribed Series D equity funding round led by Mizuho Bank Ltd, a Mizuho Financial Group Inc subsidiary.

Other investors were Square Peg Capital, Jungle Ventures, Naver Financial Corporation, GMO Venture Partners, and Openscape Ventures. Kredivo and Krom Bank Indonesia's parent company believes this funding will reinforce its position in the digital financial services industry.

Kredivo focuses on Buy Now Pay Later (BNPL) in online and offline channels, cash loans, physical and virtual cards, and Krom as a digital bank. "Despite the challenging market conditions, investors continue to recognize our scale, business strength, and innovation potential," Kredivo Holdings CEO Akshay Garg said in an official statement on Thursday.

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