This BNPL giant nears key digibank junction on IPO roadmap

We gauge FinAccel's digibank plans ahead of a potential IPO. [Read from your browser]( Daily Newsletter --------------------------------------------------------------- Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](. --------------------------------------------------------------- Hello {NAME} Krom Bank, FinAccel’s digibank unit, is set to hit the highly competitive Indonesian markets with a mobile app launch in the first half of 2023. The unicorn first marked its digital bank ambitions in 2021 when it took a stake in Bank Bisnis Internasional, a listed bank that targets SMEs and retail customers via the usual savings, time deposit, and loan products. FinAccel’s journey to go public has been far from straightforward. Since suspending its IPO plans on US markets early last year, the company - best known for its buy now, pay later (BNPL) product Kredivo - has been steadily increasing its stake in Bank Bisnis and readying itself for another shot at getting listed. In today’s featured piece, Tech in Asia discusses how FinAccel’s digital bank foray goes up against incumbents and larger rivals and whether it could boost its public listing, which could happen by 2024. -- Shravanth  ---------------------------------------------------------------  THE BIG STORY [FinAccel readies Krom Bank ahead of upcoming IPO]( The company behind Southeast Asian BNPL pioneer Kredivo is slated to launch its digibank in the first half of 2023. Will the focus be on growth or profit?  --------------------------------------------------------------- GET HEARD ON TECH IN ASIA! We want to hear from you! 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