Credit platform Kredivo's parent FinAccel forays into Vietnam in JV with Phoenix Holdings

FinAccel, the parent company of Indonesian digital credit platform Kredivo, has made its foray into Vietnam by taking a controlling stake in a local joint venture.

Fintech firm Kredivo Vietnam Joint Stock Company, which was founded in April 2021, increased its charter capital from 28.6 billion dong ($1.3 million) to 58.4 billion dong as it issued 2.98 million new shares to FinAccel, according to a regulatory filing by the Vietnamese entity, seen by DealStreetAsia, on August 6.

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