Krom
PT Krom Bank Indonesia (IDX: BBSI) is a digital-only commercial bank serving Indonesian retail and SME consumers via its mobile app, offering high-yield savings, flexible deposits, and consumer credit, majority-owned by FinAccel/Kredivo parent.
- Company typePublic
- Founded2022
- HeadquartersBandung, Indonesia
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Krom does
PT Krom Bank Indonesia Tbk (IDX: BBSI) is a digital-only commercial bank serving Indonesian retail and SME consumers through a mobile application available on Google Play and Apple App Store. Originally founded as a Bandung-based legacy bank and previously known as PT Bank Bisnis Internasional, the entity was acquired in 2022 by PT FinAccel Teknologi Indonesia — the parent of BNPL provider Kredivo — which now holds a 75% controlling stake and rebranded the institution to PT Krom Bank Indonesia. The bank launched its consumer-facing Krom app in October-November 2023.
Krom's product suite centers on a primary Tabungan Utama savings account supplemented by up to 20 goal-based Kantong Tabungan sub-accounts earning 6% p.a., plus two time-deposit variants (Krom Flex up to 7.50% p.a. with penalty-free early withdrawal, and Krom Max up to 8.00% p.a.). In 2025 the bank launched Krom Kredit, comprising a Flexi Loan product (cash loans up to Rp30 million at flat 1.8%/month over 1/3/6-month tenors) and a PayLater facility for in-app digital purchases. The technology stack is cloud-native, built on the Mambu SaaS core banking platform under a renewed five-year partnership, with mobile-first architecture supporting biometric authentication, QRIS payments, BI-FAST/RTOL real-time interbank transfers, and NFC-based e-money top-up for TapCash BNI and BCA Flazz cards.
Krom generates revenue primarily through net interest income on its loan and deposit book — 2025 NII reached Rp1,853 billion against Rp8,632 billion in total loans — with secondary income from transaction fees on interbank transfers (after a 100/month free quota), e-wallet top-ups, and bill payments. Deposits are insured by LPS up to Rp2 billion per depositor, and the bank is supervised by OJK and Bank Indonesia. Customer acquisition is product-led: app store listings, the Ajak Teman referral program (up to Rp150,000 bonus per referral), QRIS merchant cashback campaigns, and social media presence on Instagram, TikTok, Facebook, LinkedIn, and YouTube.
Krom firmographics
Firmographics- Name
- Krom
- Legal name
- PT Krom Bank Indonesia Tbk
- Website
- https://krom.id
- Company type
- Public
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- PT Krom Bank Indonesia (IDX: BBSI) is a digital-only commercial bank serving Indonesian retail and SME consumers via its mobile app, offering high-yield savings, flexible deposits, and consumer credit, majority-owned by FinAccel/Kredivo parent.
- Ownership category
- akta.pro rank
Krom industry classification
Industry- Product category
- Digital Banking
- NAICS
- Depository Credit Intermediation (5221), Commercial Banking (522110), Sales Financing (52222)
- SIC
- National Commercial Banks (6021), Personal Credit Institutions (6141)
- akta.pro primary industry
- Account & Balance Services (Operating accounts, statements, eBAM) (FSABAIAD)
- akta.pro secondary industries
- Merchant-Integrated BNPL (Online Checkout) (FSAKACAA), QR Code & Alternative In-Store Acceptance (QR, APMs) (FSAMADAH)
Keywords
Where Krom is headquartered
LocationHeadquarters
- HQ city
- Bandung
- HQ country
- Indonesia
- HQ region
- Asia
Offices2 records
Markets served
Krom business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Net Interest Income: Krom earns interest income from its loan portfolio (Krom Kredit Flexi Loan and PayLater) and pays interest expense on customer deposits (Tabungan and Deposito Berjangka). The spread between loan interest rates (e.g., SBDK 11.22-11.35% for retail) and deposit rates (up to 8% p.a.) constitutes the primary revenue stream. Total interest income grew from Rp103B (2021) to Rp1,853B (2025).
- Transaction & Administrative Fees: Fee income from wire transfers (Rp2,500 after free quota), e-wallet top-ups (Rp1,000-1,500), PLN token (Rp2,000), PLN bill payment (Rp2,500), BPJS payments, credit installments, and other bill payments. Transfers within Krom are free; 100 free interbank transfers and top-ups per month.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Tabungan Utama & Kantong Tabungan: 6% p.a. interest rate |
| Subscription | Annual | Krom Flex (Flexible Deposit): up to 7.50% p.a. |
| Subscription | Annual | Krom Max (Fixed Deposit): up to 8.00% p.a. |
| Unit Pricing | Pay-as-you-go | Krom Flexi Loan: flat 1.8%/month |
| Unit Pricing | Pay-as-you-go | Krom PayLater: 0-1.8%/month |
| Transaction based/ take rate | Pay-as-you-go | Transfer fees (after free quota) |
| Transaction based/ take rate | Pay-as-you-go | Bill payment & top-up fees (after free quota) |
| Other | Monthly | SBDK (Prime Lending Rate) as of May 2026 |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Krom product offering
Product offeringCore offering
Krom (PT Krom Bank Indonesia Tbk) operates a digital-only licensed bank in Indonesia providing high-yield savings (6% p.a.), flexible time deposits Krom Flex (up to 7.50% p.a.) and Krom Max (up to 8.00% p.a.), consumer credit through Krom Kredit (Flexi Loan up to Rp30 million and PayLater), QRIS merchant payments, interbank transfers via BI-FAST/RTOL, e-wallet and bill payment services, NFC e-money top-up, and the Money Journey personal financial management tool. All products and services are delivered exclusively through a smartphone application for Indonesian retail and SME customers, with no physical branches.
Product overview
Krom is a digital banking platform from PT Krom Bank Indonesia Tbk offering a unified app-based banking experience. The core product is the Tabungan Utama (Main Savings) account, supplemented by flexible savings tools including Kantong Tabungan (Savings Pockets) earning 6% p.a. and two time deposit variants: Krom Flex (up to 7.50% p.a.) and Krom Max (up to 8% p.a.). The platform expanded into lending with Krom Kredit featuring Flexi Loan (cash loans up to Rp30 million) and PayLater (buy now pay later for digital purchases). Additional value-added services include Money Journey for personal financial management, QRIS payment processing, Auto Transfer, Auto Save automation, and Krom Connect for Kredivo account linking. The platform provides extensive bill payment and top-up integrations covering e-wallets, e-money, telecommunications, PLN, BPJS, and credit cards.
Differentiator
Problem solved
Functional benefit
Products and services
- Tabungan Utama (Main Savings) Primary savings account automatically issued when a customer opens a Krom account. Earns 6% p.a. interest, has no monthly administration fee, no minimum balance, and is used as the central account for transfers, bill payments, QRIS payments, and credit transactions. For Indonesian retail customers aged 18 and above using the Krom mobile app.
- Kantong Tabungan (Savings Pockets) Sub-savings accounts within the main Tabungan Utama that allow users to allocate funds toward specific financial goals. Each pocket earns 6% p.a. interest, supports transactions, and can be created or closed without fees. Users can create up to 20 pockets (19 additional beyond the main account). For Indonesian retail customers seeking goal-based savings allocation.
- Krom Flex (Flexible Time Deposit) Flexible time deposit offering up to 7.50% p.a. interest with a minimum initial deposit of Rp100,000. Customers can open up to 20 Krom Flex deposits and withdraw early without penalty while retaining 6% p.a. interest on the withdrawn amount. For Indonesian retail customers seeking flexible higher-yield deposits.
- Krom Max (Time Deposit) Time deposit offering up to 8.00% p.a. interest for long-term financial planning. Customers can open up to 20 Krom Max deposits with a minimum initial deposit of Rp100,000; early withdrawal is permitted without penalty but forfeits all accrued interest. For Indonesian retail customers seeking maximum deposit yield.
- Krom Flexi Loan (Krom Kredit) Cash loan component of Krom Kredit offering loans up to Rp30,000,000 with tenors of 1, 3, or 6 months. Features a flat 1.8% per month interest rate across all tenors with no admin fee on disbursement and a 0.25% per day late payment penalty. For selected Indonesian retail customers seeking short-term cash credit.
- Krom PayLater (Krom Kredit) Buy now pay later component of Krom Kredit for purchasing digital products within the Krom app, including pulsa (mobile credit), data packages, and PLN tokens. Offers 0% interest for a 1-month tenor and 1.8% per month for 3 and 6-month tenors. Combined limit with Krom Flexi Loan up to Rp30,000,000 with 80% maximum allocated to Flexi Loan. For selected Indonesian retail customers.
- Money Journey Personal financial management tool within the Krom app providing net worth tracking, cash flow monitoring, expense categorization, and budgeting tools with customizable recording periods. For Indonesian retail customers seeking to monitor overall financial health and set financial goals.
Quantifiable outcome
- Total assets grew from Rp2,476B to Rp12,214B between 2021-2025 (5x growth)
- +4 more outcomes
Companies that use Krom
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Krom technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration16 records
Feature9 records
Krom partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered minor and core.
- Deloitte Indonesia (KAP Liana Ramon Xenia & Rekan)minorDeloitte Indonesia serves as the public accounting firm for PT Krom Bank Indonesia Tbk, providing annual audit services. Registered Public Accounting Firm license No. 432/KM.1/2024. Address: The Plaza Office Tower 32nd Floor, Jl. M.H. Thamrin Kav. 28-30, Jakarta.
- Bank Indonesia (BI-FAST)coreKrom participates in the BI-FAST real-time interbank fund transfer network operated by Bank Indonesia. BI-FAST enables Krom customers to send and receive real-time interbank transfers up to Rp250,000,000 per transaction using account numbers or proxy addresses (email/phone number).
- Bank Indonesia / LPS (Regulatory Framework)coreKrom Bank is licensed and supervised by the Financial Services Authority (OJK) and Bank Indonesia. Deposits are insured by LPS (Lembaga Penjian Simpanan) up to Rp2,000,000,000 per depositor per bank, in accordance with Indonesian banking law.
- QRIS / QR Code Payment EcosystemcoreKrom participates in QRIS (Quick Response Code Indonesian Standard), the national QR payment standard developed by Bank Indonesia and the Indonesian Payment System Association (GISS). QRIS enables Krom users to make merchant payments at any QRIS-accepting merchant throughout Indonesia.
- MambucoreMambu is the cloud-native SaaS banking platform powering Krom's core banking infrastructure. Krom renewed its partnership with Mambu for another five years as of 2024-2025. Mambu provides the underlying platform enabling Krom to manage and process payments across multiple schemes and rails from a single system.
- PT Sinartama GunitaminorPT Sinartama Gunita serves as the Securities Administration Bureau (Biro Administrasi Efek) for Krom Bank, managing share registry services. Address: Menara Tekno Lantai 7, Jl. Fachrudin No. 19, Jakarta Pusat 10250, Indonesia.
- PT Bank Bisnis Internasional (Predecessor Entity)minorPT Krom Bank Indonesia was formerly PT Bank Bisnis Internasional (stock code BBSI). The entity went through multiple name changes: founded in Bandung → Bank Pengembangan Nasional → Business International Bank → PT Bank Bisnis Internasional (BBSI) → PT Krom Bank Indonesia (2022-2023 rebrand). History of IPO (2020) and multiple rights issues (2020-2022) before FinAccel took majority ownership.
- PT Kredivo Indonesia (Kredivo)coreKrom offers account linking with Kredivo, allowing Kredivo users to register for Krom accounts and access Krom services (Transfer) through the Kredivo app, and Krom users to access Kredivo for shopping with Krom balance. Kredivo is a product of PT FinAccel Teknologi Indonesia, Krom's parent company. Both companies share the same parent and operate in an integrated fintech ecosystem.
Scale indicators8 records
Recent moves6 records
Expansion highlights4 records
Krom competitors and assessment
Company assessmentDirect peers
- Bank Jago: Indonesian digital-only bank (previously Bank Artos) backed by GoTo (GoPay) and subsidized by LiveMe; offers savings, deposits, payments, and credit products through a mobile app. Directly competes with Krom for digital-first retail customers in Indonesia.
- Superbank: PT Super Bank Indonesia is a digital bank majority-owned by Grab, Emtek, and Singtel. Competes head-to-head with Krom in Indonesia's digital retail banking space with similar savings, deposit, and payment offerings.
- Allo Bank: PT Allo Bank Indonesia Tbk, part of the CT Corp group, is an Indonesian digital bank offering savings, deposits, and lifestyle-integrated banking. Directly comparable to Krom as a digital-only competitor in the same market.
- Blu by BCA Digital: Digital banking app of PT Bank Digital BCA (a subsidiary of PT Bank Central Asia), offering savings, payments, and lifestyle products. Competitor in the Indonesian digital-only retail banking segment alongside Krom.
- Jenius (Bank SMBC Indonesia / BTPN): Digital banking service from PT Bank BTPN (now SMBC Indonesia) — one of the earliest Indonesian digital banking experiences (launched 2016). Closely comparable to Krom on mobile-first retail savings, transfers, and lifestyle features.
- SeaBank: PT Bank Seabank Indonesia is a digital bank owned by Sea Group (Shopee). Competes with Krom on yield-focused digital deposits and payments integrated with Shopee's e-commerce ecosystem in Indonesia.
Broad incumbents
- Bank Mandiri Taspen: Indonesian commercial bank focused on pensioners and mass retail customers with growing digital capabilities. Provides a broader incumbent benchmark for traditional banking products that Krom is digitizing.
Others
- Kredivo: Indonesian BNPL fintech and sister company under PT FinAccel Teknologi Indonesia. Not a direct competitor but the parent ecosystem of Krom; comparable as a digital consumer credit provider feeding the Krom ecosystem.
Emerging players
- Akulaku: Indonesian/Southeast Asian BNPL and consumer finance fintech. Emerging player in the same consumer credit space where Krom Kredit competes, with overlapping BNPL use cases but a non-bank model.
Regional players
- Kakao Bank: South Korea's leading mobile-only bank, part of the Kakao Group. Operates in a different geography but is a useful regional benchmark for digital-bank unit economics, customer scale, and product-led growth in Asia.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Krom social profiles
Digital presenceKrom compliance and trust
Trust signalCompliance1 record
Krom financial estimates
Financial estimateRevenue estimate
Valuation estimate
Krom leadership team
Management profileNumber of profiles
Profiles9 records
Krom funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Krom M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Krom
What does Krom do?
Krom (PT Krom Bank Indonesia Tbk) operates a digital-only licensed bank in Indonesia providing high-yield savings (6% p.a.), flexible time deposits Krom Flex (up to 7.50% p.a.) and Krom Max (up to 8.00% p.a.), consumer credit through Krom Kredit (Flexi Loan up to Rp30 million and PayLater), QRIS merchant payments, interbank transfers via BI-FAST/RTOL, e-wallet and bill payment services, NFC e-money top-up, and the Money Journey personal financial management tool. All products and services are delivered exclusively through a smartphone application for Indonesian retail and SME customers, with no physical branches.
Is Krom a public or private company?
Krom is a public company. It is classified as public and is currently operating.
When was Krom founded?
Krom was founded in 2022. It employs 101 to 250 people.
Where is Krom based?
Krom is headquartered in Bandung, Indonesia, in the Asia region.
How does Krom make money?
Two revenue lines are on record. Net Interest Income is the primary driver. The others are transaction & Administrative Fees.
Who are Krom's main competitors?
Direct peers on record are Bank Jago, Superbank, Allo Bank, Blu by BCA Digital, Jenius (Bank SMBC Indonesia / BTPN) and SeaBank. Bank Mandiri Taspen is listed as a broad incumbent. Kredivo is listed as an others. Akulaku is listed as an emerging player. Kakao Bank is listed as a regional player.
Does Krom have an API?
No public API is recorded for Krom.
What industry is Krom in?
Krom's product category is Digital Banking. Its primary akta.pro industry code is FSABAIAD, Account & Balance Services (Operating accounts, statements, eBAM), with a secondary code of FSAKACAA, Merchant-Integrated BNPL (Online Checkout). Its NAICS code is 5221 and its SIC code is 6021.