Kredivo Group Valuation, Funding & Investors

Zip is a credit provider operating two segments: Australia and New Zealand, and the US. Founded in Australia in 2013, it has over 6 million active customers and partners with over 85,000 merchants. In Australia, Zip positions itself as a credit card alternative, with several revolving credit products. Customers can carry the balance over time with a monthly fee and set their own repayment schedule. The US and New Zealand offering is a far more vanilla BNPL offering: Pay-in-4 in New Zealand and Pay-in-Z in the US, where customers pay back in fixed instalments. The US segment is built on the 2020 acquisition of QuadPay and has recently become Zip’s largest and fastest-growing segment.

Sezzle Inc is a financing institution that offers technology-driven payment platform. It allows customers to split their purchase into four installments and pay over 6 weeks with only the first payment due at the time of purchase. Companies operations comprise one reportable segment, the majority of which derives revenue from payment processing platform in North America.

Klarna is the largest pure-play in the buy now, pay later space. The company operates a two-sided network with a payment method at its core, but it is ultimately a lender. Merchants sign up with Klarna to increase turnover in their stores. Primarily, Klarna can provide merchants with higher conversion rates and average order values relative to other payment methods. Some merchants enter a symbiotic relationship with Klarna, advertising its brand on the product page to drive conversion and to benefit from Klarna’s brand value in the merchant’s sales funnel. Customers use Klarna for its ease of use, quick access to credit, zero-interest financing, and lower reminder fees.

Upgrade is a San Francisco-headquartered fintech company delivering personal loans, home improvement financing, auto loans and refinancing, plus credit cards that convert to fixed-rate installment plans. Its offerings extend to high-yield savings and rewards checking accounts, credit monitoring services, and educational resources for credit management. Upgrade Shopping provides cashback rewards at participating retailers to complement card benefits. Founded in 2017, the platform targets mainstream consumers with accessible banking and credit products.

Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit. The company generates majority of its revenue from United States.

Akulaku Group is a Jakarta-headquartered fintech firm operating in Indonesia, the Philippines, Malaysia, and Vietnam. The company delivers digital banking via Neobank, which partners with Bank Neo Commerce, alongside virtual credit cards, buy-now-pay-later financing, e-commerce, wealth management through Asetku, digital investments, and insurance brokerage. Akulaku targets underserved consumers in emerging markets with mobile-first financial tools that address daily needs like payments and loans.

HDFC Credila is a Mumbai-based non-banking financial company specializing in education loans for Indian students pursuing studies abroad and domestically. It disburses customized loans up to ₹1.5 crore with home delivery options and online applications, covering tuition, living expenses, and travel. Servicing 200,000 loans annually, Credila partners with 1,500 institutions including Harvard and IITs.

Ascend Money operates a fintech platform offering digital wallets, e-payments, and microloans in Thailand. Bangkok-headquartered, it runs the TrueMoney app with over 20 million users for bill payments, remittances, and QR code transactions. Ascend Money partners with Charoen Pokphand Group and True Corporation to expand financial inclusion. Launched in 2016, it holds a virtual bank license and processes transactions exceeding 1 trillion baht yearly.

KreditBee is a Bengaluru-headquartered fintech firm founded in 2018 that delivers instant personal loans up to INR 400,000 to salaried professionals in India. The app approves applications using alternative data like GST returns and UPI transactions, disbursing funds via Razorpay within 10 minutes. Regulated by RBI as a non-banking financial company, it serves over 20 million users across 15 states with features for credit score tracking and flexible repayment tenures from 3 to 36 months.

Octane is a digital lending platform headquartered in Fort Washington, Pennsylvania, that specializes in consumer financing for powersports vehicles including motorcycles, ATVs, UTVs, snowmobiles, and outdoor power equipment such as mowers and tractors. The platform integrates with dealer systems nationwide to offer real-time credit prequalification using soft pulls, along with customized loan terms for buyers ranging from prime credit holders to those rebuilding credit. Octane partners with major manufacturers like Polaris, Honda, Yamaha, and Kawasaki, supporting over 5,000 dealer locations across the United States. Established in 2009, it streamlines the purchase process from online applications to in-store closings, processing loans for recreational marine products and RVs as well.

Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The company support development of different lending product offerings, which are grouped into three operating segments - Personal Lending (unsecured personal loans and small dollar loans), Auto Lending (auto refinance, auto retail loans, and auto secured personal loans), and Other (HELOCs and other).

Happy Money is an Irvine-headquartered fintech company that originates personal loans through partnerships with community banks for debt consolidation, home improvements, and other purposes. Founded in 2013 under the name Payoff, the firm rebranded to Happy Money in 2021 to emphasize borrower financial wellness. Its online platform assesses credit profiles to match users with suitable loan offers from lenders across the United States. Borrowers access automated payment plans that prioritize high-interest debt payoff while reporting activity to credit bureaus for score improvements. Happy Money serves customers nationwide with a focus on those transitioning from credit card reliance to savings habits.

iCred is a São Paulo-based fintech platform enabling personal credit and payroll-deducted loans through fully digital interfaces. Its API integrates with corporate payroll systems and business platforms, allowing instant approvals and disbursements for employees in Brazil.

Capri Global Capital Ltd provides financial services. The company is engaged in providing loans to Micro, Small and Medium Enterprises (MSMEs), providing long term finance for the construction of residential houses, retail lending, gold loan, and ancillary services. It generates maximum revenue from the interest income. Geographically, it operates only in India.

InCred is a Mumbai-headquartered digital lending platform offering personal, home, education, and MSME loans. Powered by data analytics and machine learning, it assesses creditworthiness using alternative data sources for quick disbursals up to ₹50 lakh. Founded in 2016, InCred serves 2 million customers nationwide with partnerships to payment banks and operates under RBI NBFC-AA license.

Upbound Group Inc is an omnichannel platform company committed to elevating financial opportunity for all through inclusive, and technology-driven financial solutions that address the evolving needs and aspirations of consumers. It has four operating segments; The Rent-A-Center Business segment operates lease-to-own stores, the Acima segment offers the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer, and also offers the lease-to-own transaction through virtual offering solutions, Mexico segment offers lease-to-own stores in Mexico. The The Brigit segment offers various financial health products and tools to help users improve their financial health. The company derives a majority of its revenue from the Acima segment.

China Rapid Finance is an online consumer lending marketplace that connects borrowers and lenders to serve China's emerging middle class, particularly people without access to traditional bank credit. Founded in 2001 by Zane Wang, the company built proprietary Automated Credit Decisioning and Risk Based Pricing technology to approve loans quickly based on assessed credit risk. It has facilitated millions of loans and helped Chinese banks issue more than 100 million credit cards, building a multi-data, multi-channel lending platform for underserved consumers.

Tamara is a buy-now-pay-later platform that enables installment payments for online shopping across Saudi Arabia and the GCC region. Headquartered in Riyadh with additional offices in the United Arab Emirates, Egypt, Germany, and Vietnam, the company launched operations in September 2020. Tamara partners with major retailers such as SHEIN, Jarir, Noon, IKEA, and H&M alongside thousands of local merchants to facilitate flexible payment options for consumers.