Kredivo was founded by Akshay Garg, Umang Rustagi.

Who are Kredivo's investors?

Kredivo's investors include Jungle Ventures, Mizuho Financial Group, Cathay Innovation, Defy Partners, Ensemble VC, GMO VenturePartners, Next Billion Capital Partners, Quest Ventures and 2 more.

How much funding has Kredivo raised?

Kredivo has disclosed $270M raised across 1 round.

Where is Kredivo headquartered?

Kredivo is headquartered in Jakarta, ID.

Kredivo

Jakarta, ID · 13 known investors

Find your way into Kredivo

1,754 people in our graph share verified history with the Kredivo team — schools, employers, funds. One of them is your warm intro.

David Gowdeyunlockedknows Akshay Garg · together at Kredivo (overlapped)

×3knows the team · via Society of Kauffman Fellows

×5knows the team · via Kauffman Fellows Class 18

×2knows the team · via International Labour Organization (ILO)

knows the team · via Kauffman Fellows

Kredivo Group operates a digital financial services platform in Southeast Asia, primarily offering buy-now-pay-later (BNPL) and instant credit solutions through partnerships with banks, merchants, and telecom providers. The company serves Indonesian consumers and businesses across ecommerce, retail, and mobility sectors, with expansion into Vietnam and digital banking through subsidiaries.

B2B Marketplaces Consumer E-commerce Fintech

Founders & leadership

Akshay Garg Group CEO and Co-FounderAkshay Garg is co-founder and group CEO of Kredivo Group, a digital financial services platform offering buy-now-pay-later and credit solutions across Southeast Asia. Previously, he co-founded Komli Media, a digital media and technology company that was acquired by Axiata and Affle, and worked as a management consultant at Deloitte and statistical analyst at the United Nations.

Umang RustagiCo-Founder and President Director (Kredivo Indonesia)

Investors · 13

Jungle Ventures✓ confirmed by KredivoSingapore · $604K – $45M

How we know: the company's own site · techcrunch.com · Not right? Tell us

Mizuho Financial Group✓ confirmed by Kredivo

How we know: the company's own site · Not right? Tell us

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

How we know: Cathay Innovation's portfolio page · Not right? Tell us

Defy Partnerslisted by Defy PartnersWoodside · $3M – $10M

How we know: Defy Partners's portfolio page · Not right? Tell us

Ensemble VClisted by Ensemble VCAustin

How we know: the VCSheet dataset · Not right? Tell us

GMO VenturePartnerslisted by GMO VenturePartnersTokyo

How we know: GMO VenturePartners's portfolio page · Not right? Tell us

Next Billion Capital Partnerslisted by Next Billion Capital Partners

Quest Ventureslisted by Quest VenturesSingapore · $50K – $10Mvia James · inferred

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

Square Peg Capitallisted by Square Peg CapitalSydney

How we know: Square Peg Capital's portfolio page · a partner's Signal profile · techcrunch.com · Not right? Tell us

Openspace VenturesreportedSingapore

How we know: techcrunch.com · Not right? Tell us

Also in the syndicate · 3

GMO Venture PartnersMizuho BankleadNaver Financial Corporation

Funding

SEC filings, press & company announcements

$270M disclosed across 1 round · 2023

$270MSeries DMar 2023 · 2 sources
Mizuho Bank (lead), GMO Venture Partners, Jungle Ventures, Naver Financial Corporation, Openspace Ventures, Square Peg Capital
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

In the news

Kredivo Group, the Leading Southeast Asian Digital Financial Services Platform, Closes ~US$270m Series D Equity Round | Kredivo Group: Building Fast, Affordable and Accessible Financial Productskredivocorp.com · Mar 2023

Frequently asked questions

What does Kredivo do?: Kredivo Group operates a digital financial services platform in Southeast Asia, primarily offering buy-now-pay-later (BNPL) and instant credit solutions through partnerships with banks, merchants, and telecom providers. The company serves Indonesian consumers and businesses across ecommerce, retail, and mobility sectors, with expansion into Vietnam and digital banking through subsidiaries.
Who founded Kredivo?: Kredivo was founded by Akshay Garg, Umang Rustagi.
Who are Kredivo's investors?: Kredivo's investors include Jungle Ventures, Mizuho Financial Group, Cathay Innovation, Defy Partners, Ensemble VC, GMO VenturePartners, Next Billion Capital Partners, Quest Ventures and 2 more.
How much funding has Kredivo raised?: Kredivo has disclosed $270M raised across 1 round.
Where is Kredivo headquartered?: Kredivo is headquartered in Jakarta, ID.