Southeast Asia's startups suffer from Series B funding crunch, says Kredivo’s Garg

Southeast Asia's startups suffer from Series B funding crunch, says Kredivo’s Garg

Kredivo co-founder and CEO Akshay Garg

Having recently raised what is estimated to be the largest Series B funding round for a fintech firm in Southeast Asia, Indonesia-focused lending platform Kredivo says the process was far from smooth sailing.

The company was forced to look beyond the region to raise the majority of its fund, as it found that there were simply very few investors in the region that specialized in doing Series B investments.

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