Indonesian lending startup Kredivo gets fresh funding from Telkomsel, MDI Ventures

Kredivo co-founder and CEO Akshay Garg

A year after raising $30 million in a Series B funding round, Indonesia-based fintech startup Kredivo has secured an undisclosed amount of fresh funding from existing investors Telkomsel Mitra Inovasi (TMI), the venture arm of network provider Telkomsel, and MDI Ventures.

The investment in Kredivo comes as TMI received an additional $40 million from its parent company to fund new startups this year. It invests in young, promising companies, accelerating growth by providing access to Telkomsel’s ecosystem, assets, and expertise.

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