S’pore fintech wins Asia’s largest fundraise since SVB’s fall

The Singapore-based firm struck a deal for financing led by Mizuho Financial Group, Kredivo said without disclosing its valuation.

SINGAPORE: Financial technology (fintech) company Kredivo Holdings has raised about US$270mil (RM1.20bil) in equity financing, defying a market correction that’s made it difficult for many startups to obtain fresh capital.

The Singapore-based firm, formerly known as FinAccel Pte and operator of fintech platform Kredivo and Krom Bank Indonesia, struck a deal for financing led by Mizuho Financial Group Inc, it said in a statement without disclosing its valuation.