Deal is Partners for Growth’s first investment in Indonesia and Kredivo’s largest with an international lender.
Platform now powers customer engagement for three of Indonesia’s four unicorns - Traveloka and Tokopedia being the other two.
Loans carry an interest rate of 2.95% per month.
Round was led by Square Peg capital.
Southeast Asian venture capital firm welcomes industry veteran Arvind Sankaran.
500 Startups to invest US$50 million in Southeast Asia via 500 Durians II.