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FinAccel raises $122m in Series C equity funding
It will expand to Indonesia.
Fintech startup FinAccel has raised $122m (US$90m) in a Series C equity funding round to expand to Indonesia, according to a press release.
FinAccel operates the lending app Kredivo in Indonesia with a transaction value growing at more than 300% per year.
Led by Asia Growth Fund and Square Peg, this round brought the total capacity raised by the company to more than $273m (US$200m) across both debt and equity.
Other participants in the funding include Cathay Innovation, Kejora Invest, Telkomsel Indonesia, Mirae Asset Securities, Singtel Innov8, Reinventure, and DST Partners.
Photo courtesy of FinAccel.
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