Indonesia-based online credit provider Kredivo announced today that it had raised a Series A round co-led by Jungle Ventures and NSI Ventures earlier this year.
The startup allows users to “borrow” money to buy a product which they can pay back in 30 days. It also provides credit of up to Rp 20 million, which can be paid in 3-12 months with 2.95 per cent interest, the same as credit cards.
