Kredivo Group operates as a leading provider of digital financial services in Southeast Asia. The company focuses on serving underbanked consumers through its brands, which include the digital credit platform Kredivo, the digital financial service KrediFazz, and the neobank Krom Bank Indonesia. Its technical work involves AI-enabled real-time decisioning for its financial products.
The group's primary operational markets are Indonesia and Vietnam. Its main product, Kredivo, offers instant credit financing for e-commerce and offline purchases as well as personal loans. Krom Bank Indonesia provides digital banking services aimed at expanding financial inclusion.
The company has raised over $821 million in funding and holds a valuation of approximately $2.5 billion. It targets a significant market opportunity, noting that 66% of the population in Southeast Asia is unbanked or underbanked, and that less than 10% of the Indonesian middle class has a credit card.
