# Kredivo Holdings has raised $270 million in what it says was an oversubscribed Series D. The round was led by Japanese bank Mizuho Bank, which contributed $125 million.

*fintech · news · 2023-03-22 · TechCrunch*

## Key points

- Kredivo Holdings raised a $270 million oversubscribed Series D led by Mizuho Bank.
- Kredivo's approved user base now matches the number of credit card holders in Indonesia.
- Kredivo canceled its $2.5 billion SPAC and currently has no plans to go public.
- Kredivo will launch Krom neobank services with deposits and transaction banking, pending regulatory approvals.
- Kredivo mitigates risk by targeting employed urban customers and using alternative data sources for creditworthiness.

**Companies:** Mizuho Bank, Kredivo Holdings, Naver Financial Corporation, GMO Venture Partners
**Countries:** Indonesia, Vietnam, Japan

[Read the full story on TechCrunch](https://techcrunch.com/2023/03/22/kredivo-series-d/)

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