Who founded FinAccel?

FinAccel was founded by Akshay Garg, Alie Tan, Dennis Lerchl, Umang Rustagi in 2015.

Who are FinAccel's investors?

FinAccel's investors include 500 Global, 500 Startups Vietnam, Cathay Innovation, Openspace Ventures, SingTel Innov8 Pte Ltd., Alpha JWC Ventures, Durians, Jungle Ventures and 3 more.

FinAccel

Founded 2015 · 11 known investors

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Kredivo Group builds financial services products including buy-now-pay-later and personal lending for consumers, and point-of-sale financing solutions for ecommerce merchants, alongside a digital banking and savings platform for goal-based financial management.

Consumer Fintech

Founders & leadership

FinAccel was founded in 2015 by Akshay Garg, Alie Tan, Dennis Lerchl, and Umang Rustagi.

Akshay GargGroup CEO and Co-FounderHe previously co-founded Komli Media, the digital advertising company acquired by Axiata, and founded Projects in China before that. Earlier in his career he worked as a business analyst at Deloitte Consulting and a research analyst at the International Labour Organization, and he was a Kauffman Fellow in Class 18.

Alie Tan

Dennis Lerchl

Umang RustagiCo-Founder and President Director, Kredivo (Indonesia)He co-founded the company in 2015 and served as its COO until 2020. Before that he spent four years at McKinsey & Company, where he was an engagement manager, and interned at The Boston Consulting Group.

Investors · 11

500 Globallisted by 500 GlobalPalo Alto · $150K

How we know: open dataset · 500 Global portfolio 2026-08 · Not right? Tell us

500 Startups Vietnamlisted by 500 Startups VietnamPalo Alto

How we know: 500 Startups Vietnam's portfolio page · Not right? Tell us

Cathay Innovationlisted by Cathay InnovationParis · $5M – $40M

How we know: Cathay Innovation's portfolio page · funding news · the VCSheet dataset · Not right? Tell us

Openspace Ventureslisted by Openspace VenturesSingapore

How we know: Openspace Ventures's portfolio page · Not right? Tell us

SingTel Innov8 Pte Ltd.listed by SingTel Innov8 Pte Ltd.Singapore · $1M – $5M

How we know: SingTel Innov8 Pte Ltd.'s portfolio page · Not right? Tell us

Alpha JWC VenturesreportedSingapore

How we know: funding news · Not right? Tell us

DuriansreportedMountain View

How we know: funding news · Not right? Tell us

Jungle VenturesreportedSingapore · $540K – $21.6M

How we know: funding news · Not right? Tell us

MDI VenturesreportedJakarta

How we know: funding news · Not right? Tell us

Square Peg CapitalreportedSydney

How we know: funding news · Not right? Tell us

TukTuksreportedMountain View

How we know: funding news · Not right? Tell us

Funding

SEC filings, press & company announcements

Undisclosed amountSeries CDec 2019
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Undisclosed amountSeries BJul 2018
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Source: company announcements and press reports — follow each round's link for the claim.

Founder mafia

3 people who came through FinAccel went on to found or lead other companies.

Amar GoelBoard MemberFounded Bito +1 Akshay GargGroup CEO and Co-FounderFounded Kredivo +1 Umang RustagiCo-Founder and President Director, Kredivo (Indonesia)Founded Kredivo

In the news

FinAccel Raises Additional PIPE Investment, and Appoints New Board of Commissioners for Kredivo's Indonesian Businessprnewswire.com · Sep 2021

Frequently asked questions

What does FinAccel do?: Kredivo Group builds financial services products including buy-now-pay-later and personal lending for consumers, and point-of-sale financing solutions for ecommerce merchants, alongside a digital banking and savings platform for goal-based financial management.
Who founded FinAccel?: FinAccel was founded by Akshay Garg, Alie Tan, Dennis Lerchl, Umang Rustagi in 2015.
Who are FinAccel's investors?: FinAccel's investors include 500 Global, 500 Startups Vietnam, Cathay Innovation, Openspace Ventures, SingTel Innov8 Pte Ltd., Alpha JWC Ventures, Durians, Jungle Ventures and 3 more.