Kredivo Absorbs Timo in $500M Pivot to Deposit-Backed Lending in ASEAN
Backed by a syndicate including Mizuho and Amazon, Indonesian credit giant Kredivo’s buyout of Vietnam’s Timo Digital Bank highlights a structural shift in regional fintech: the urgent need for retail deposits to fund consumer credit.
THE SIGNAL
Kredivo Group, the Indonesian-born digital credit platform known for its