FinAccel/Kredivo

Akshay Garg, co-founder and chief executive officer of Kredivo. says the funds will be used to expand into the digital banking segment in Indonesia.

Kredivo raises US$270 million in Series D funding

KREDIVO has raised US$270 million in a Series D funding round led by Japan’s Mizuho Bank. Existing investors Square Peg Capital, Jungle Ventures and Openspace Ventures also joined the round.

Startups

FinAccel spends US$200m for Indonesia digital banking push

[SINGAPORE] FinAccel, the parent company of fintech platform Kredivo, has acquired a majority stake in Indonesia's Bank Bisnis Internasional, pitting itself against South-east Asia's biggest Internet ...

Columns

THE BOTTOM LINE

Bitcoin cannot replace the banks

FOR several hours last Wednesday, the digital services that the US Federal Reserve uses to clear transfers between banks were offline due to an "operational error". Bitcoin holders crowed about the re...

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