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Indonesian fintech startup FinAccel scraps SPAC merger

Unstable market and SEC's tighter audit standards suspend listing plan

FinAccel, a parent of Indonesian retail credit provider Kredivo, is ditching its merger with Victory Park's second SPAC. (Source image from FinAccel website)

SINGAPORE/JAKARTA -- Indonesian digital consumer credit platform FinAccel is scrapping its merger with Victory Park's second special purpose acquisition company (SPAC).

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