{"id":2638,"date":"2021-10-01T07:22:10","date_gmt":"2021-10-01T07:22:10","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=2638"},"modified":"2021-10-01T07:22:11","modified_gmt":"2021-10-01T07:22:11","slug":"daily-markup-346-kredivo-nears-4-million-customers-secures-more-investment-ics-partners-bank-in-us40m-pandemic-fund-iprice-sanook-offer-deals-from-thousands-of-thai-retailers","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=2638","title":{"rendered":"Daily Markup #346: Kredivo nears 4 million customers, secures more investment; ICS partners bank in US$40M pandemic fund; iPrice &amp; Sanook offer deals from thousands of Thai retailers"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/c2XS3MtRH6OMXiyYP4lotI5WiTK3s-lKZEbph2eSyty3JFwXKhzj_CRvBe-7CxscP38i1hG6e0F2nrCQ7lsTXp_AkEg67yh-VxCfKmukkb230eLRUJbQ9aX5c8Vf0rS6tsx7eEqm=s0\" alt=\"\" \/><figcaption>Credit: FinAccel<\/figcaption><\/figure>\n\n\n\n<p><strong>From strength to strength<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Fresh off its recent SPAC (special purpose acquisition company) announcement, 500-backed <a href=\"https:\/\/finaccel.co\/\">FinAccel<\/a> raised additional PIPE investment (private investment in public equity) from three existing investors, MDI Ventures, Cathay Innovation, and Endeavor Catalyst. This brings the startup\u2019s PIPE deal to <a href=\"https:\/\/www.techinasia.com\/mdi-ventures-finaccel-pipe-us-ipo\">more than US$125 million<\/a>.<\/li><li>According to the statement, its Buy Now, Pay Later business, Kredivo, has been integral in providing fast and affordable credit to millions of Indonesians. This is thanks to its AI-powered credit risk engine and partnerships with eight out of the top ten Indonesian e-commerce merchants,<\/li><li>The startup also announced three new members to the Board of Commissioners, pending regulatory approval: Arsjad Rasjid, a prominent Indonesian business leader, Darmin Nasution, one of Indonesia&#8217;s most respected economists, and Karen Brooks, a former U.S. diplomat who served on the National Security Council Staff at the White House.<\/li><li>In a joint statement, the trio said, &#8220;Kredivo&#8217;s innovative, AI-powered credit scoring system has allowed it to serve nearly 4 million customers to date, and we believe Kredivo is well poised to impact tens of millions of customers over the next few years.\u201d<\/li><li>Read the full article on Tech in Asia <a href=\"https:\/\/www.techinasia.com\/mdi-ventures-finaccel-pipe-us-ipo\">here<\/a>. A subscription may be required.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/HJNXcp-Fv_wRQqukTCMiTd5oVjhtzCitSLdqyl-rzhlu7aXuI1HZzyi8mUiHQ__5eNnEDsITN3k7sicRXC7XWgP1ewHuP92ndB9Up9_-2eCTypoKFUzIMo3oP_5TeNWfAE8m_S0r=s0\" alt=\"\" \/><figcaption>Credit: <a href=\"https:\/\/unsplash.com\/@haloirwan?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Irwan iwe<\/a> on<a href=\"https:\/\/unsplash.com\/s\/photos\/nurse-asian-female?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\"> Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<p><strong>A light in time of crisis<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>500-backed <a href=\"https:\/\/impactcredit.solutions\/\">Impact Credit Solutions<\/a> (ICS) announced a new boost to its US$40 million initiative, the Indonesian Resilience Fund (IRF). The startup has partnered with Bank Central Asia (BCA), a leading Indonesian commercial bank, to offer <a href=\"https:\/\/finance.yahoo.com\/news\/impact-credit-solutions-bank-central-010000746.html\">affordable financing to the Indonesian healthcare sector<\/a> during the COVID-19 pandemic.<\/li><li>As of August 2021, the IRF has reached 108 healthcare providers, including 67 hospitals, across 31 provinces in Indonesia. It has financed the delivery of medical equipment, supplies, and services, ranging from oxygen concentrators to personal protective equipment.<\/li><li>A representative from BCA said, \u201cICS&#8217; tech platform enables BCA to finance SME healthcare loans with confidence that our risk will be effectively managed while delivering social impact.&#8221;<\/li><li>The fund also uses a gender lens investment framework to ensure that financing reaches diverse beneficiaries, such as women-led businesses as well as female healthcare workers and patients, who are disproportionately affected by the pandemic.<\/li><li>Read the full story on Yahoo! Finance <a href=\"https:\/\/finance.yahoo.com\/news\/impact-credit-solutions-bank-central-010000746.html\">here<\/a>.<\/li><\/ul>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/n0iocCIG6KTT2LIwuCev8ahMZPeYfXUNTJjdsv4FYDtiyQxOVNCuRl8WeszM-F3MVlZI9ClolDSB5BK_Lem0UsmouUw2AADMt1OfmNjXSH7OE0S7keCsgYHbEHEeSvPA4yB1ZlVh=s0\" alt=\"\" \/><figcaption>Credit: <a href=\"https:\/\/unsplash.com\/@rupixen?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">rupixen.com<\/a> on<a href=\"https:\/\/unsplash.com\/s\/photos\/discounts?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\"> Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<p><strong>Friendly deals and discounts<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Thai shoppers can now get access to online deals from thousands of merchants. 500-backed <a href=\"https:\/\/ipricethailand.com\/\">iPrice<\/a> has partnered with Sanook, Thailand\u2019s No.1 news and entertainment portal, to <a href=\"https:\/\/www.bangkokpost.com\/thailand\/pr\/2182835\/sanook-and-iprice-group-unveils-exclusive-online-page-with-coupons-deals\">curate and offer coupons on Sanook\u2019s website<\/a>.<\/li><li>According to <a href=\"https:\/\/advicecenter.kkpfg.com\/th\/money-lifestyle\/money\/economic-trend\/e-commerce-situation-in-thailand\">research<\/a>, Thailand\u2019s e-commerce market grew by 80% in 2020, making it the second-largest market in ASEAN. Meanwhile, another <a href=\"https:\/\/wearesocial.com\/global-digital-report-2019\">study<\/a> found that internet users in Thailand spend the most time on their mobile phones compared to other Southeast Asian countries.<\/li><li>\u201ciPrice is on a mission to bring a greater level of transparency, convenience, and trust to consumers in SEA to help consumers save money,\u201d said Thomas Lozza, Senior Vice President of Product in iPrice Group.<\/li><li>\u201cInstead of going through multiple marketplaces to find the best deal, users in SEA can instantly access six billion offers from more than two million sellers on a single platform. They can save money by comparing products, prices, sellers\u2019 reputation, and delivery conditions all in one place,\u201d he added.<\/li><li>Find out how to get the coupons on the Bangkok Post <a href=\"https:\/\/www.bangkokpost.com\/thailand\/pr\/2182835\/sanook-and-iprice-group-unveils-exclusive-online-page-with-coupons-deals\">here<\/a>.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>From strength to strength Fresh off its recent SPAC (special purpose acquisition company) announcement, 500-backed FinAccel raised additional PIPE investment (private investment in public equity) from three existing investors, MDI Ventures, Cathay Innovation, and Endeavor Catalyst. This brings the startup\u2019s PIPE deal to more than US$125 million. According to the statement, its Buy Now, Pay [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":2639,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[364,400,362,469],"class_list":["post-2638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-finaccel","tag-impact-credit-solutions","tag-iprice","tag-kredivo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #346: Kredivo nears 4 million customers, secures more investment; ICS partners bank in US$40M pandemic fund; iPrice &amp; Sanook offer deals from thousands of Thai retailers - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=2638\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #346: Kredivo nears 4 million customers, secures more investment; ICS partners bank in US$40M pandemic fund; iPrice &amp; Sanook offer deals from thousands of Thai retailers - Markup\" \/>\n<meta property=\"og:description\" content=\"From strength to strength Fresh off its recent SPAC (special purpose acquisition company) announcement, 500-backed FinAccel raised additional PIPE investment (private investment in public equity) from three existing investors, MDI Ventures, Cathay Innovation, and Endeavor Catalyst. 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