# Kredivo

> Source: https://docs.barcoder.ai/docs/wallets/kredivo
> research date 2026-06-01 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Kredivo — official](https://www.kredivo.com/)

## Overview

**Kredivo** is **Indonesia's leading buy-now-pay-later (BNPL) and digital-credit platform**, operated by **FinAccel** under the **Kredivo Group** <sup>[1][1]</sup>. Launched in **2016**, Kredivo provides instant instalment financing and a revolving credit line to consumers at e-commerce and offline merchants, using AI-driven credit scoring tied to national-ID (KTP) verification. It is a market leader in Indonesia and has expanded into **Vietnam** <sup>[1][1], [2][2]</sup>.

## History

**2016 — Launched by FinAccel** <sup>[1][1]</sup> in Jakarta, founded by Akshay Garg, Alie Tan and Umang Rustagi.

**2018-2020 — Scale-up in Indonesia** <sup>[1][1]</sup>: Integration with major e-commerce platforms (Tokopedia, Shopee, Lazada, Bukalapak) and offline retail.

**2021 — Vietnam launch** <sup>[2][2]</sup>: Kredivo enters Vietnam through a joint venture.

**2021-2022 — SPAC plan + Square Peg / Mirae Asset backing** <sup>[2][2]</sup>: A planned US SPAC listing (later shelved amid market conditions) and large equity/debt rounds funded growth.

**2022-2025 — Kredivo Group + digital-bank ambitions** <sup>[1][1]</sup>: FinAccel rebrands under Kredivo Group, deepening banking partnerships (e.g., Krom Bank Indonesia) to fund lending.

## Ownership & operator

**Operating entity**: **FinAccel** (Kredivo Group), Singapore-incorporated with primary operations in Indonesia.

**Founders**: Akshay Garg (CEO), Alie Tan, Umang Rustagi.

**Major investors**: Mirae Asset, Naver, Square Peg, Jungle Ventures, GMO Venture Partners, Victory Park Capital (debt).

**Regulators**:
- **Indonesia**: OJK (Otoritas Jasa Keuangan) under multifinance/consumer-credit licensing.
- **Vietnam**: State Bank of Vietnam framework via local JV.

## Technical integration

Kredivo is a **digital-credit-line + instalment BNPL** <sup>[1][1]</sup>:

| Layer | Description |
|---|---|
| **Channels** | Kredivo app (iOS + Android) + merchant checkout |
| **Identifiers** | Email + phone number + national ID (KTP) |
| **Core products** | Pay in 30 days (0%), 3/6/12-month instalments, revolving credit line |
| **Card network** | Visa / Mastercard (virtual card overlay) |
| **Underwriting** | AI/ML credit scoring with KTP + e-KYC |

## Implementations & partners

**Operator**: **FinAccel** (Kredivo Group).

**Markets**: Indonesia, Vietnam.

**Merchant partners**: Tokopedia, Shopee, Lazada, Bukalapak, Blibli and offline retail.

**Competitors**: [Atome](https://docs.barcoder.ai/docs/wallets/atome), Akulaku, ShopeePay Later, GoPay Later (GoTo), Indodana, Home Credit.

## Status

**Active, leading Indonesian BNPL/digital-credit** <sup>[1][1], [2][2]</sup>:
- **FinAccel** (Kredivo Group).
- Market leader in Indonesia; present in Vietnam.
- Expanding into digital banking via Krom Bank Indonesia.

## Sources

[1]: https://en.wikipedia.org/wiki/Kredivo "Kredivo / FinAccel — Wikipedia"
[2]: https://www.reuters.com/technology/indonesias-finaccel-scraps-25-bln-us-spac-deal-2022-03-01/ "FinAccel SPAC shelved — Reuters"
[3]: https://www.kredivo.com/ "Kredivo — official site"

- [1] [Kredivo / FinAccel — Wikipedia][1]
- [2] [FinAccel SPAC shelved — Reuters][2]
- [3] [Kredivo — official site][3]

[id-cro]: https://docs.barcoder.ai/docs/payments/ID

## Source

Biography extracted from [kredivo.md](https://docs.barcoder.ai/source/wallets/kredivo). See `matrix.md` for standards-support matrix if present.