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Technology

Indonesia's FinAccel expands to Vietnam ahead of planned US listing

Kredivo platform to offer 'buy now, pay later' services in market hit by COVID

Vietnam's informal lenders often advertise their services on walls and street poles in Ho Chi Minh City, giving rise to the term “electricity pole banks.”     © Lien Hoang
LIEN HOANG, Nikkei staff writer | Vietnam

HO CHI MINH CITY -- Indonesian fintech platform Kredivo is expanding its online lending business to Vietnam ahead of a planned U.S. listing by its parent company, a foray that could help it tap COVID-fueled demand for credit.

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