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Announced

Completed

Mizuho Bank led a $270m Series D round in Kredivo Holdings.

Financials

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Transaction Value£220m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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FinTech

Indonesia

fintech

Private Equity

Venture Capital

Private

Cross Border

Friendly

Acquisition

Minority

Completed

Synopsis

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Mizuho Bank, a subsidiary of Mizuho Financial Group, led a $270m Series D round in Kredivo Holdings, a FinTech company, with participation from Square Peg Capital, Jungle Ventures, Naver Financial, GMO Venture Partners and Openspace Ventures. “Despite challenging market conditions, investors continue to recognize the scale and strength of our business, and our innovation potential. The upcoming expansion into digital banking is deeply synergistic with the existing Kredivo product and also opens up a very promising channel for us to become the digital financial services platform of choice for tens of millions of consumers in Southeast Asia. Finally, we are delighted to have Mizuho join us as a valuable investor and strategic partner," Akshay Garg, Kredivo CEO.

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