Kredivo Partners with Tokopedia, Enabling Instant Access to Credit for Underbanked E-commerce Shoppers
Apr 10, 2018

Kredivo Partners with Tokopedia, Enabling Instant Access to Credit for Underbanked E-commerce Shoppers

Jakarta, 10 April 2018 – Kredivo (PT FinAccel Teknologi Indonesia), the leading digital credit card and digital consumer lender in Indonesia today announces its partnership with the biggest local e-commerce merchant, and one of the Indonesian unicorns, Tokopedia (PT Tokopedia). This marks another milestone for Kredivo as the fastest growing e-commerce checkout in the country.

The most recent partnership with Tokopedia enables Tokopedia’s shoppers to pay with Kredivo at the checkout, thus enabling instant credit at the point of sale for millions of Tokopedia’s shoppers. Tokopedia’s shoppers can now avail of Kredivo’s instant approval and 2-click checkout functionality, enabling them to buy without all the hassles of applying for a credit card or a multi-finance company loan. This development significantly strengthens financial inclusion for underbanked millennials and supports further growth of the e-commerce ecosystem in the country.

Akshay Garg, Co-Founder and CEO of Kredivo said, “We are extremely excited to partner with Tokopedia, the leading e-commerce merchant in Indonesia. Tokopedia and Kredivo share a joint vision of enabling financial inclusion for millennials and simplifying the buying experience at the checkout. Tokopedia users can now benefit from our all-digital application, simple 2-click checkout, and flexible payment terms, which enable a superior buying experience to any other payment method in the country.”

Melissa Siska Juminto, COO of Tokopedia said, “We are delighted to be able to contribute in building out a more accessible and efficient digital financial ecosystem, which is a vital part in realizing our mission to democratize commerce through digital. The integration with Kredivo is one breakthrough partnership that allows Tokopedia to further empower Toppers (Tokopedia users, red), providing them with both education and access to extending financial services through the help of technology.”

“Furthermore, the convenience and inclusive payment solution from Kredivo is an added value to strengthen our efforts in serving Toppers across Indonesia with the best customer experience that is safe, convenience and transparent,” Melissa added.

E-commerce in Indonesia has been growing rapidly in the past few years. While current estimates of market size of B2C e-commerce in Indonesia are in the region of US$5-6 billion, the market is expected to grow rapidly to US$10 billion by 2020, according to estimates by eMarketer and Frost&Sullivan. Despite the fast growth, Indonesia’s e-commerce ecosystem is hampered by poor penetration of credit cards and one of the highest cart abandonment rates in Asia. Less than 3% of the population has access to credit cards, with the vast majority of buyers still relying on bank transfer and Cash on Delivery (CoD).

About FinAccel

FinAccel is a financial technology company that leverages deep data analytics across users’ digital footprint to automate credit risk scoring and access to credit in Southeast Asia, the 7th largest economy in the world. FinAccel’s flagship product, Kredivo “Buy now, Pay later”, enables e-commerce buyers to apply and qualify for instant credit and pay back over time. Merchants using Kredivo benefit from providing Point of Sale financing using a 2-click checkout to all eligible buyers. FinAccel is backed by leading investors such as Jungle Ventures, NSI Ventures, GMO, AlphaJWC and 500 Startups and regulated by OJK in Indonesia. To know more about Kredivo and FinAccel,visit and

About Tokopedia

Tokopedia is an Indonesian technology company with a mission to democratize commerce through technology. We are the leading marketplace in Indonesia; we encourage millions of merchants and consumers to participate in the future of commerce. Our vision is to build an ecosystem, where everyone can start and discover anything with ease. To learn more, please visit

Press Inquiry

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PT FinAccel Teknologi Indonesia
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