Kredivo

By acquiring Timo, Kredivo aims to integrate lending with banking services as competition intensifies among Southeast Asia’s fintech players.

The BNPL giant targets broader banking services in Vietnam. Plus, an insider look at what keeps ChatGPT running.

After a tough shakeout, BNPL survivors in Southeast Asia are rebuilding with broader services, private credit funding, and AI.

Players like SeaMoney are growing loan books to the tune of several billion dollars. But most users are first-time borrowers in the middle of an economic slump.

More M&A deals like Kredivo-GajiGesa may be coming, but EWA startups will need new strategies to stay afloat.

GajiGesa was understood to face challenges in scaling its EWA model, which relies heavily on employee-paid transaction fees.

GajiGesa serves over 27,000 users, with a cumulative transaction value exceeding 611 billion rupiah (US$37.38 million).

Founding partner Amit Anand says many tech firms in the region are nearing IPOs despite tough markets.

From train systems to gasoline stations, many of the country’s everyday services have spurred activity in BNPL platforms.

At US$136 million, funding into Southeast Asia-based BNPL firms year to date is under a third of 2023’s levels.