Founded
    2019
    Headquarters
    Metro Manila, Philippines
    Stage
    Growth
    Total raised
    US$270M
    From recorded rounds
    Licences
    1
    SEC

    Overview

    Kredivo is a Buy Now, Pay Later and digital credit platform that lets Filipinos shop online and in-store and split purchases into flexible payments. Through the Kredivo app, approved users get a reusable credit limit (up to ₱50,000) accepted at 600,000+ merchants and QRPh checkout points, with 0% interest on 30-day payments and installment plans of 3 to 24 months. Operated by SEC-registered Kredivo Philippines Financing Corp., it is part of the Kredivo Group (formerly FinAccel), one of Southeast Asia's largest BNPL and consumer-credit providers, also operating in Indonesia and Vietnam.

    Products

    • Kredivo app (BNPL credit line)
    • Pay-later (0% 30-day)
    • Installment plans
    • QRPh scan-to-pay
    • Bills payment

    Serves

    Online shoppersConsumers

    Funding and ownership

    Total raised

    US$270M

    Sum of recorded funding rounds

    Stage

    Growth

    Parent organisation: Kredivo Group (formerly FinAccel)

    Investors and shareholders

    Mizuho Financial GroupSquare PegJungle VenturesTelkomselAsia Growth Fund

    Figures are calculated from the funding rounds recorded for this company.

    People

    • Akshay GargCo-Founder & Group CEO
    • Umang RustagiCo-Founder
    • Raymond ApolonioHead of Operations (Philippines)

    Licences and certifications

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