TOKYO -- FinAccel, the fintech startup that operates the "buy now, pay later" service Kredivo in Indonesia, will list in the U.S. market via a "blank check" company in a deal that values the combined entity at $2.5 billion.
The Singapore-headquartered company is the latest Southeast Asian tech company to jump on the special purpose acquisition company (SPAC) bandwagon, following the announcements of Singapore-based Grab's $40 billion deal in April and online realty company PropertyGuru's $1.78 billion one in July.
