Kredivo Holdings Overview
Pro stress-test →Kredivo Holdings is a Series D company based in Jakarta founded in 2015 by Akshay Garg, Alie Tan and Umang Rustagi. The company is a buy now, pay later (BNPL) credit platform that supports split payments across e-commerce and offline purchases for consumers in Indonesia and Vietnam. Kredivo became a unicorn in 2022, serving underbanked consumers with flexible payment solutions.
Strategic Profile
Pro stress-test →Kredivo has raised $660M in funding from investors like Square Peg Ventures, Jungle Ventures and Endeavor, with a current valuation of $1.6B. The company is aggressively expanding its regional footprint through acquisitions and deepening partnerships with major financial institutions. Kredivo plans to inject US$15 million into the Vietnamese market in the next three years following its strategic expansion beyond Indonesia's core BNPL market.
Competitive Landscape
Pro stress-test →Top competitors include WeLab, i2i and Bajaj Markets. Kredivo competes in the highly fragmented Southeast Asian BNPL market alongside regional players like Akulaku and Atome. The competitive landscape is consolidating around well-capitalized players with institutional backing and regulatory compliance infrastructure, favoring Kredivo's position as a regional market leader.
Industry Context
Kredivo Holdings operates in Buy Now Pay Later (BNPL) / Financial Services.
Key facts
Founded: 2015 · Headquarters: Jakarta, Indonesia