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Indonesia digital credit card Kredivo raised $30m

Indonesia based digital credit card raised $30m in Series B funding led by Australia’s Square Peg Capital.

“Our goal is to become the preferred digital credit card for millennials in Southeast Asia,” he told TechCrunch. “Those are consumers who are mobile-first and already bankable. The credit gap in this market is huge, there’s no electronic verification and other things that we take for granted in the West just don’t work here.”