Kredivo prioritizes digital inclusion by committing to provide access to consumer financial services to up to 20 million people in Southeast Asia
As a partner of the World Economic Forum, South East Asia leading digital financial services company continues to accelerate access to underserved populations in the region
Jakarta, Indonesia, May 11, 2022 /PRNewswire/ — Kredivo, the leading digital credit platform for retail customers in South East Asiaannounced their commitment to the EDISON Alliance 1 Billion Lives Challengecommitting to provide access to digital financial services to up to 20 million people across Indonesiaas well as Vietnam, Thailand and The Philippines over the next 5 years. As a member of the World Economic Forum, Kredivo joins the ranks of leading global companies at the forefront of developing solutions to some of the world’s most pressing problems. Through the 1 Billion Lives Challenge, Kredivo helps accelerate the delivery of digital and financial services to underserved and underbanked populations, especially those focused on South East Asiawhere nearly two-thirds of the population are either underbanked or totally unbanked.
“With more than a third of the world still offline, much more needs to be done to ensure that everyone can participate in the digital economy – through affordable access to digital solutions and innovative financial services,” said Lisa Meng, Program Manager, Digital Inclusion, EDISON Alliance. “With Kredivo’s track record of providing positive service to underbanked and underserved communities, having their support is an important step in promoting digital inclusion in South East Asia.”
The EDISON Alliance is a global movement of nearly 50 public and private sector Champions who are committed to prioritizing digital inclusion. Board members include Hans Vestberg, chairman and CEO of Verizon, Michael MiebachCEO, Mastercard, Robert F. Smith, Founder, President and CEO, Vista Equity and more. The Alliance’s key vision is to improve one billion lives worldwide through affordable and accessible digital solutions in health, finance and education by 2025.
“Over the past two years, we have seen a dramatic increase in the digitalization of our economies and societies. At the same time, we have also exacerbated existing gaps and inequalities for the 2.9 billion people in the world who do not have access to digital resources. ,” mentioned Akshay Garg, CEO of FinAccel Group, the parent company of Kredivo. “Financial services are essential in laying the foundations for better and more productive lives, and this partnership with the EDISON Alliance brings us one step closer to accessing financial services that impact and improve the lives of dozens millions of people.”
Kredivo is the leading digital credit platform in Indonesia which offers customers instant credit financing for e-commerce and offline purchases, as well as personal loans, based on real-time decision making. Kredivo users can buy now and pay later with one of the lowest interest rates among digital credit providers nationwide. Kredivo partner merchants benefit from instant financing at the point of sale, powered by its unique 2-click payment. Kredivo is operated by FinAccel, a Singapore fintech company headquartered on a mission to make financial services fast, affordable and accessible. FinAccel is backed by leading investors such as Victory Park Capital, Mirae Asset, Naver, Square Peg Capital, Telkom Indonesia, and Jungle Ventures, among others. Kredivo is supervised by the multi-finance division of OJK in Indonesia. To learn more about FinAccel and Kredivo, visit www.finaccel.co and www.kredivo.com.
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