August 3, 2021
FinAccel, the parent company of Indonesian fintech lender Kredivo, has agreed to merge with US-based Victory Park Capital’s second blank cheque firm at a valuation of $2.5 billion.
The transaction will give Kredivo proceeds of $430 million, including a private placement (PIPE) of $120 million led by Marshall Wace, Corbin Capital, SV Investment, Palantir Technologies, Maso Capital, and sponsor Victory Park Capital. FinAccel’s existing investors NAVER and Square Peg Capital will also join the bid, contributing $55 million.
The merger is expected to close by the first quarter of 2022.
The other investors on Kredivo’s cap table include Mirae Asset, Jungle Ventures, Singtel Innov8, Telkomsel Indonesia, MDI Ventures, Cathay Innovation, DST Partners, and Kejora Intervest.
Lending platform Kredivo to go public via $2 5 bln SPAC merger
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Lending platform Kredivo to go public via $2 5 billion SPAC merger
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Giant hole outside Wetherspoon pub which is under siege from strange tram works in Birmingham
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Published 2 hours ago •
Updated 2 hours ago
Tools like Zoom, Teams and Slack have all proven indispensable in keeping companies operations flowing.
But one of the biggest challenges for managers and team leaders since the beginning of the pandemic has been cultivating a company culture, especially when everyone is scattered.
When Microsoft unveiled its new Viva platform earlier this year, it was sizing up a $300 billion market for employee communications and engagement.
It marked a move beyond simple communications and productivity tools with a focus around employee engagement and company culture as remote or hybrid working becomes increasingly normalized.
Tools like Zoom, Teams and Slack have all proven indispensable in keeping companies operations flowing. But one of the biggest challenges for managers and team leaders since the beginning of the pandemic has been cultivating a company culture, especially when everyone is scattered.