DBS Bank Indonesia has raised its channel funding for buy now, pay later (BNPL) provider Kredivo to Rp 3 trillion at the start of 2026.
The move aligns with the bank’s strategy to strengthen its digital retail credit ecosystem amid rapid BNPL growth.
The partnership between DBS Indonesia and Kredivo began in 2020 with an initial funding limit of Rp 300 billion, according to Kontan.
This was gradually increased to Rp 500 billion, then Rp 1 trillion in 2021, Rp 2 trillion in 2022, and Rp 3 trillion by the end of 2025.
Consumer Banking Director at DBS Indonesia, Melfrida Gultom, said the increase reflects Kredivo’s consistent credit performance and growing market demand.
She added,
“In the midst of accelerated digital transformation in the financial sector, we aim to ensure digital credit access is not only easy but also helps people manage daily needs flexibly and practically.”
For Kredivo, the additional funding will support expansion, especially in tier 2 and 3 cities. These cities have high growth potential but limited access to formal credit.
Co-Founder & President Director Umang Rustagi said,
“This funding is an important momentum amid rising demand for digital credit. With DBS Indonesia’s support, we can accelerate expansion and provide more inclusive credit access. We also aim to reach more users in smaller cities where access to formal credit is limited.”
Featured image credit: Edited by Fintech News Indonesia, based on image by Kredivo via LinkedIn
