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Mizuho Bank: Invests in Indonesia's Digital Finance Company Kredivo
BankingBusiness
Less than 1 min.Read

Mizuho Bank: Invests in Indonesia’s Digital Finance Company Kredivo

Laura M
By Laura M

Mizuho Bank: Invests in Indonesia’s Digital Finance Company Kredivo

  • Mizuho Bank has invested USD 125 million in Kredivo Holdings, a provider of digital financial services in Indonesia
  • The investment is part of a strategy to contribute to financial inclusion through digital technology-focused financial services
  • Indonesia has a large unbanked and underbanked population with low credit card penetration
  • Kredivo is one of the top providers of Buy Now Pay Later services linked to post-payment services through online purchases
  • Kredivo is also promoting financial inclusion by expanding the use of BNPL to offline stores
  • The Bank will provide its expertise to strengthen and develop Kredivo’s financial service business

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