FinAccel: USD90m Series C equity raise

Private capital raise

FinAccel: USD90m Series C equity raise

Private capital raise


FinAccel Pte. Ltd.

Investor group

Lead investor(s):

  • Mirae-Naver Asia Growth Fund
  • Square Peg Capital

Follow-on investor(s):

  • Singtel Innov8
  • Cathay Innovation
  • Kejora-Intervest
  • Mirae Asset
  • Reinventure
  • DST Partners
  • TMI (Telkomsel Indonesia)

Transaction summary

Deal value


Transaction highlights

  • Largest private capital raise for an Indonesian pure-play fintech company to date
  • Excellent participation from a mix of strategic and financial investors
  • Series C raise will enable the company to accelerate credit growth and expand into ASEAN



Client description

  • FinAccel is the leading digital credit payment platform in Indonesia, operating under the trade name Kredivo
  • FinAccel offers customers instant credit financing at competitive interest rates

  • Merchant partners benefit from instant point-of-sale financing and best in class settlement rates

Redpeak role

Sole financial advisor to FinAccel on the equity raise

Positioned FinAccel as an industry leader in digital credit / payments

Ensured FinAccel was well prepared for a detailed and thorough diligence by investors

Coordinated all aspects of transaction execution, including documentation & closing

Maintained process and timeline discipline notwithstanding large investor group