Fpl Capital Pte. Ltd.

What Fpl Capital Pte. Ltd. does

Fpl Capital Pte. Ltd. is the Singapore-incorporated holding entity for Kredivo Group, a Southeast Asian digital financial services platform founded in 2016 and headquartered in Singapore with operations across Indonesia, Vietnam, the Philippines, and Thailand. The group operates a multi-product consumer finance stack spanning Kredivo (instant BNPL and personal credit for ecommerce and offline merchants with a 2-click checkout), KrediFazz (instant cash loans with lower-than-market interest rates), Krom (a mobile-first digital bank serving Indonesian millennials and Gen Z with savings and deposit accounts), GajiGesa (earned wage access), and Timo (Vietnamese digital banking, acquired 2026). Underwriting is powered by a real-time credit decisioning engine designed to serve thin-file consumers in markets with limited traditional credit infrastructure.

The business model combines transactional credit income (interest and fees from BNPL and personal loans), deposit-funded net interest margin from Krom Bank, and emerging payroll-linked EWA revenue via GajiGesa. Credit capacity is materially augmented by channeling facilities from DBS Indonesia (an expanded IDR 3 trillion facility) and BCA Digital, which extend regulated, bank-distributed credit supply to the group. Distribution is digital-first and self-serve through web and mobile applications, with ecommerce PoS integrations enabling embedded merchant checkout.

The company is privately held and venture-backed, with institutional investors including Mizuho Bank, Mirae Asset, Naver, Square Peg Capital, Jungle Ventures, and Cathay Innovation. Scale signals include more than 1 million Krom Bank accounts and Rp10 trillion in deposits, with group headcount reported in the 1,001–5,000 range. The group also publishes the annual Indonesian PayLater User Behavior Report jointly with Katadata Insight Center, positioning itself as a thought leader in regional PayLater market data.

Name

Fpl Capital Pte. Ltd.

Legal name

Kredivo Group Ltd.

Website

https://finaccel.co

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Fpl Capital Pte. Ltd. is the Singapore holding entity for Kredivo Group, a multi-product Southeast Asian digital finance platform offering BNPL, personal loans, cash loans, digital banking, and earned wage access to underserved consumers in Indonesia, Vietnam, the Philippines, and Thailand.

Ownership category

akta.pro rank

Product category

Consumer Digital Finance

NAICS

Sales Financing (52222), Sales Financing (522220), Commercial Banking (522110), Other Nondepository Credit Intermediation (52229)

SIC

Personal Credit Institutions (6141), State Commercial Banks (6022), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Buy Now, Pay Later (BNPL) Platforms (BPAMAFAG)

akta.pro secondary industries

Buy Now, Pay Later (BNPL) (CRAFALAD), In-Store / In-Person BNPL (POS) (FSAKACAB), Merchant-Integrated BNPL (Checkout POS Financing) (FSAGAIAA)

Keywords

• Consumer digital lending
• Buy now pay later
• Digital banking platform
• Instant credit financing
• Personal cash loans

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain

Distribution channels2 records

Marketing channels1 record

Core offering

Fpl Capital Pte. Ltd., operating as Kredivo Group, provides consumer digital finance products including instant credit for ecommerce purchases, offline buy-now-pay-later, and personal cash loans. The group operates three core brands — Kredivo (instant credit financing and BNPL), KrediFazz (instant cash loans), and Krom (digital banking platform) — alongside acquired subsidiaries GajiGesa (earned wage access) and Timo (Vietnam digital banking), serving customers primarily in Indonesia and Vietnam.

Product overview

Kredivo Group operates a multi-product digital financial services platform consisting of three core offerings: Kredivo (a BNPL and personal credit product for ecommerce financing), KrediFazz (an instant cash loan product with competitive interest rates), and Krom (a digital banking platform for savings and financial goal management). The platform also includes acquired products Timo (Vietnamese digital bank), GajiGesa (earned wage access platform), and serves customers across Indonesia, Vietnam, Philippines, and Thailand.

Differentiator

Problem solved

Functional benefit

Brands

• Kredivo: Instant credit financing for ecommerce purchases and personal loans based on real-time decisioning; buy now pay later service with lowest interest rates among digital lenders in Indonesia
• KrediFazz
• Krom

Products and services

• Kredivo Kredivo is a consumer finance product that provides instant credit financing for ecommerce purchases and personal loans based on real-time credit decisioning. It offers buy-now-pay-later options and Point-of-Sale financing with a 2-click purchase flow for ecommerce merchants, targeting consumers seeking the lowest interest rates among Indonesian digital lenders.
• KrediFazz KrediFazz is an instant cash loan product offering fast and easy access to funds with lower interest rates than other similar service providers in Indonesia. It is positioned for consumers who need immediate personal loans via a mobile-first experience.
• Krom (Krom Bank) Krom is a digital banking platform enabling users to manage finances and reach financial goals such as saving for a house down payment, retirement planning, or building an emergency fund. It provides full banking capabilities accessible via mobile without the need to visit a branch office, and has reached 1 million+ accounts and Rp10 trillion in deposits.
• GajiGesa GajiGesa is an earned wage access (EWA) platform acquired by Kredivo Group, allowing employees to access earned wages before payday.
• Timo Timo is a Vietnamese digital banking platform acquired by Kredivo Group to support the group's expansion into Vietnam and its ambition to become the region's leading digital financial services platform.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered minor and core.

• Katadata Insight CenterminorStrategic or Co-development PartnerJoint publication of annual Indonesian PayLater User Behavior Report providing market research and insights on digital payment trends.
• Timo (Vietnam)coreStrategic or Co-development PartnerAcquisition of Vietnam's pioneering digital banking platform accelerating Kredivo Group's ambition to become the region's leading digital financial services platform.
• GajiGesacoreStrategic or Co-development PartnerAcquisition of earned wage access platform marking Kredivo Group's entry into the fast-growing EWA market, aligned with mission of providing accessible financial services.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Emerging players

• Jenius (BTPN): Indonesian digital banking platform within SMBC/BTPN, offering mobile-first banking, savings, and credit to millennials. Most direct peer to Krom's digital-banking-for-Gen-Z positioning.
• DANA: Indonesian e-wallet and digital financial services platform expanding into credit/lending. Comparable mobile-first, underbanked-Segment consumer finance target market to Kredivo's.

Broad incumbents

• OVO: One of Indonesia's largest digital wallets with growing credit and lending features. Comparable digital-finance positioning targeting Indonesian consumers alongside Krom/Kredivo.
• Grab Financial Group: Super-app fintech arm of Grab offering PayLater, lending, and banking products across SEA. Competes with Kredivo's multi-product consumer finance vision at much larger scale and ecosystem reach.
• Shopee PayLater (SeaMoney): Embedded BNPL/wallet within Shopee's e-commerce ecosystem across SEA. Indirectly competes with Kredivo via merchant-controlled checkout flows and consumer scale advantages.
• GoTo Financial (GoPayLater): Financial services arm of Indonesia's GoTo ecosystem (Gojek/Tokopedia), offering GoPayLater and lending products. Comparable multi-product Indonesian consumer finance play with embedded distribution.

Direct peers

• Atome: Pan-Asian BNPL platform operating across SEA markets including Indonesia, Vietnam, Philippines, and Thailand. Directly competes with Kredivo in online/offline checkout financing with similar merchant-integrated PoS models.
• Kredito: Indonesia-focused online lending and BNPL platform offering similar instant credit and PoS financing solutions targeting underbanked Indonesian consumers.
• Akulaku: Indonesia-headquartered BNPL and consumer finance platform offering installment credit and digital banking. Closest direct competitor to Kredivo and KrediFazz in the Indonesian millennial/Gen Z credit segment.
• BillEase: Philippines-based BNPL and consumer credit provider expanding across SEA. Comparable to Kredivo's instant-credit, merchant-integrated BNPL model with multi-market ambitions.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/finaccel-pte-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fpl Capital Pte. Ltd.