Finaccel Raises Additional Pipe Investment, And Appoints New Board Of Commissioners For Kredivo'S Indonesian Business

Following the announcement of its business combination last month, three of FinAccel's existing investors – MDI Ventures, Cathay Innovation, and Endeavor Catalyst are also investing directly into the PIPE (Private investment in public equity), taking total PIPE commitments to in excess of $125 million. As a digital lending pioneer and parent company of buy now, pay later service Kredivo, FinAccel's recent PIPE investments reinforce the strong backing that the company has received from its existing investors throughout the SPAC process.