Client
–
FinAccel Pte. Ltd.
(“FinAccel”)
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
USD90m
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
Completion
Dec-19
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
