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Singapore Fintech Wins Asia’s Largest Fundraise Since SVB’s Fall

Fintech company Kredivo Holdings raised about $270 million in equity financing, defying a market correction that’s made it difficult for many startups to obtain fresh capital.

The Singapore-based firm, formerly known as FinAccel Pte and operator of fintech platform Kredivo and Krom Bank Indonesia, struck a deal for financing led by Mizuho Financial Group Inc., it said in a statement Thursday without disclosing its valuation. Existing investors including Square Peg Capital, Jungle Ventures and Naver Corp. also participated in the Series D round.

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