{"id":3644,"date":"2022-10-17T08:39:36","date_gmt":"2022-10-17T00:39:36","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=3644"},"modified":"2022-10-17T08:39:37","modified_gmt":"2022-10-17T00:39:37","slug":"daily-markup-611-finaccel-raises-us140m-series-d-and-becomes-500-southeast-asias-6th-unicorn-looks-beyond-e-commerce-and-consumer-credit","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=3644","title":{"rendered":"Daily Markup #611: FinAccel raises ~US$140M Series D and becomes 500 Southeast Asia\u2019s 6th unicorn; looks beyond e-commerce and consumer credit"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/PnQhNrf1kJp_8kmcPqU0OrlhnlczwzfowF-jqji3NMwDawnWqUF-BdLxY_dukG03E0eI35nLlhFUdajDL773B2LOrdSkJqJxsdQo6AwCKvQ3MS3qYLwldzVkdVKywUAI0cePYO1mUvL1Xd89BPgWchxrGZThBh-XU_7C833AwiQCiexOlE_MLdyZ\" alt=\"\" \/><figcaption>Credit: FinAccel<\/figcaption><\/figure>\n\n\n\n<p><strong>Charging towards excellence<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>A new unicorn has been born! <a href=\"https:\/\/finaccel.co\/\">FinAccel<\/a> is Singapore\u2019s newly minted company with a value of over $1B, and the 6th unicorn in 500 Southeast Asia\u2019s portfolio <a href=\"https:\/\/bit.ly\/3VtUlTG\">after raising almost US$140M<\/a>.<\/li><li>The Series D funding round was led by existing investor Mirae Asset, and values FinAccel at US$1.66B. This is more than triple the US$451 million valuation at the company\u2019s last funding round in 2019.<\/li><li>The company launched Buy Now, Pay Later platform <a href=\"https:\/\/www.kredivo.com\/\">Kredivo<\/a> one year after its inception, and the team has been trailblazing ever since. From 2018 to 2020, Kredivo\u2019s user base grew from 500,000 to 2.2 million. This number nearly doubled last year.<\/li><li>Co-founder &amp; CEO Akshay Garg has set his sights on expanding Kredivo across Southeast Asia, beyond providing financing for online purchases.<\/li><li>\u201cToday, you think about Kredivo for e-commerce, personal loans, and very soon for offline purchases. But later, we want you to think about Kredivo for motorcycle loans, car loans, and credit cards as well,\u201d Akshay said.<\/li><li>How will Kredivo achieve this? They have acquired a controlling 40% stake in a small Indonesian bank, allowing the team to offer traditional banking services.<\/li><li>Congratulations to the FinAccel team!<\/li><li>Learn more on <a href=\"https:\/\/bit.ly\/3VtUlTG\">Forbes<\/a>.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Charging towards excellence A new unicorn has been born! FinAccel is Singapore\u2019s newly minted company with a value of over $1B, and the 6th unicorn in 500 Southeast Asia\u2019s portfolio after raising almost US$140M. The Series D funding round was led by existing investor Mirae Asset, and values FinAccel at US$1.66B. This is more than [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3645,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[364,469],"class_list":["post-3644","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-finaccel","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 #611: FinAccel raises ~US$140M Series D and becomes 500 Southeast Asia\u2019s 6th unicorn; looks beyond e-commerce and consumer credit - 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=3644\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #611: FinAccel raises ~US$140M Series D and becomes 500 Southeast Asia\u2019s 6th unicorn; looks beyond e-commerce and consumer credit - Markup\" \/>\n<meta property=\"og:description\" content=\"Charging towards excellence A new unicorn has been born! FinAccel is Singapore\u2019s newly minted company with a value of over $1B, and the 6th unicorn in 500 Southeast Asia\u2019s portfolio after raising almost US$140M. The Series D funding round was led by existing investor Mirae Asset, and values FinAccel at US$1.66B. 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