An unmet demand. A high-impact product. And in need of financing alternatives to truly scale.

"The PFG team has been tremendously supportive of the business and has always shown great flexibility and commitment to build a win-win and long-term partnership."

- Akshay Garg, CEO & Co-founder

Kredivo, the consumer brand of FinAccel, is a digital credit card equivalent, providing its users with fast and affordable solutions to shop online, shop offline, and get a cash advance, all through the convenience of a single credit limit. Since 2016, the management team had built a solid track record and reputation, including impressive performance across risk metrics. On the back of this, FinAccel was also able to raise significant amounts of equity capital from leading investment firms in Asia and Australia.


As the company was looking to continue on scaling its business, new financing alternatives for its loan book were being explored. PFG was then introduced to the company through close contacts at one of Kredivo’s lead venture investors, SquarePeg Capital.

In 2019, PFG structured the company’s first significant offshore debt facility through a warehouse loan to help finance its rapidly growing loan book.  The complexities were immediately apparent in setting up such a facility, including navigating the operation across several jurisdictions. But PFG took it on as an opportunity to do what we do best: develop a custom lending solution to efficiently deliver capital to enable the business to keep on growing its book. The warehouse assets consist of the company’s loan receivables, further enabling the company to scale and improve the funding cost of its overall book. 


Today regarded as a market leader in Indonesia, Kredivo is expected to be rolled out across other markets in South-East Asia soon. Thanks to this first landmark transaction, the company has since been able to not only over-achieve targets but also attract further financing, where structures developed by PFG were subsequently replicated.

No compensation was received by any individual or company for their views and thoughts expressed. The individuals or companies are not investment advisory clients of PFG.

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30+ Year Global Strategic Partner

SVB is a leading American bank providing products, services and strategic advice for businesses at every stage. They operate as a go-to commercial bank for start-ups and established corporations, offering venture funding, private banking & wealth advising. SVB is the largest lender to technology companies globally.

SVB has built its reputation as the financial partner of the innovation economy – helping individuals, investors and the world’s most innovative companies achieve extraordinary outcomes.
PFG and SVB have maintained an official strategic partnership since the late 1980’s. We have collaborated together as co-lenders and extended each other's ability to reach new markets and provide deeper capital to high-growth companies.

PFG and SVB have provided growth debt across the U.S. & Canada, Europe, Middle East, Asia, and Latin America, where we co-manage a Venture Debt Latin America Growth Lending Fund.

IFC logo

IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. IFC works in more than 100 countries, using its capital, expertise, and influence to create markets and opportunities in developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity.

PFG and IFC are strategic partners where we extend IFC’s direct venture and VC funding, collaborating on fintech and tech lending across global growth markets.

10+ Year Global Strategic Partner

Aims to be the partner of choice for the private sector in Latin America and the Caribbean. They finance projects to advance clean energy, modernize agriculture, strengthen transportation systems and expand access to financing.

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $16.3 billion in asset management and 347 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.

PFG leads a joint venture with IDB Invest that provides debt capital to emerging innovative tech companies across the region via our Latin America Growth Lending Fund. The initiative brings investment expertise into LAC from top notch global players in this field.