The e-commerce credit provider closed a $90m round co-led by the Naver-backed Asia Growth Fund that included Telkomsel Indonesia and Singtel, at a $500m valuation.
Asia Growth Fund, an investment entity formed by internet group Naver and financial services provider Mirae Asset, co-led a $90m series C round for Singapore-based consumer credit provider FinAccel yesterday.
The round was co-led by venture capital fund Square Peg Capital and also featured telecoms firms Telkomsel Indonesia and Singapore Telecommunications, the latter through Singtel Innov8, as well as Mirae Asset Securities, Cathay Innovation, Kejora Intervest, DST Partners and Reinventure, which is backed by Westpac bank.
Founded in 2015, FinAccel…
