Kredivo is still a very young product and our vision is to build it into the leading digital credit card for millennials. To this effect, we look forward to deeper partnerships with the ecosystem in order to enable better financial services for Indonesians.
JAKARTA, Indonesia (PRWEB) September 13, 2018
FinAccel, the parent company of Kredivo, received The Best Lending Technology or Platform Award in Indonesia for 2018 at The Asian Banker Indonesia Country Awards 2018 and the Information Visionary of the Year award at IDC’s Digital Transformation Awards (DX Awards).
The Asian Banker recognizes outstanding players in technology and innovation who are contributing to the transformation of the retail financial services industry in Indonesia. Held in the same evening on August 30th, 2018, IDC’s Digital Transformation Awards (DX Awards) recognizes outstanding organizations that have made critical breakthroughs in digital transformation across the Asia Pacific region, spread across seven different categories. FinAccel’s digital transformation project, Kredivo, was selected among over 56 high-quality entries received from end-user organizations across Indonesia. This initial win as the first Information Visionary of the Year at country-level allowed FinAccel to qualify as one of IDC’s finalists for the regional APAC awards.
FinAccel’s Kredivo is a digital credit card which provides instant credit financing solutions for e-commerce purchases, addressing the low credit card penetration in the country. Kredivo offers a convenient two-click checkout and options for payback in instalments for short term financing. For consumers, the service offers a 30-day payback option or longer-term options of three, six and 12-month payback windows at interest rates that are among the lowest in the market. Kredivo credit scores and approves consumers in real-time using its proprietary credit decisioning platform.
Commenting on the awards, Akshay Garg, CEO of FinAccel, said, “We are grateful for the recognition from leading industry organizations such as The Asian Banker and IDC. Kredivo is still a very young product and our vision is to build it into the leading digital credit card for millennials. To this effect, we look forward to deeper partnerships with the ecosystem in order to enable better financial services for Indonesians.”
FinAccel is a financial technology company that leverages deep data analytics across users’ digital footprint to automate credit risk scoring and access to credit in Southeast Asia, the 7th largest economy in the world. FinAccel’s flagship product, Kredivo Buy now, Pay later, enables e-commerce buyers to apply and qualify for instant credit and pay back over time. Merchants using Kredivo benefit from providing point-of-sale financing using a 2-click checkout to all eligible buyers. FinAccel is backed by leading investors and regulated by OJK in Indonesia. To know more about FinAccel and Kredivo, visit http://www.finaccel.co and http://www.kredivo.com.