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FinAccel to Go Public in U.S. Via a $2.5 Billion SPAC Deal

  • FinAccel’s Kredivo offers consumers instant credit financing
  • The deal includes $120 million PIPE led by Marshall Wace
Updated on

FinAccel Pte, the parent company of Indonesian fintech startup Kredivo, agreed to go public in the U.S. through a merger with a blank-check firm that values the combined companies at $2.5 billion.

FinAccel is merging with VPC Impact Acquisition Holdings II, a special purpose acquisition company sponsored by Chicago-based Victory Park Capital Advisors LLC, the companies said in a statement on Tuesday.