DBS Indonesia Increases Channelling Financing to Kredivo to IDR 3 Trillion for BNPL Expansion

Bank DBS Indonesia has increased its channelling financing facility to Kredivo, the Indonesian buy-now-pay-later platform, to IDR 3 trillion, equivalent to approximately $180 million. The facility supports Kredivo's stated target of reaching 20 million users, including through expansion into Indonesia's tier 2 and tier 3 cities.

The arrangement, announced as 2026 got under way, builds on a prior channelling finance partnership through which DBS Indonesia has already been providing funding to support Kredivo's lending operations.

KREDIVO'S EXPANSION INTO SECONDARY CITIES

Kredivo has identified Indonesia's tier 2 and tier 3 cities as a priority growth market.

CHANNELLING FINANCE

The channelling finance structure used in the DBS–Kredivo partnership is a common mechanism in Indonesian financial services, through which a licensed bank provides funding that a fintech disburses to end borrowers under its own brand and technology platform. The bank retains the credit risk and earns a return on the deployed capital, while the fintech provides the origination capability, data analytics, and customer experience layer.