FinAccel Becomes Singapore’s Newest Unicorn After Canceling SPAC Merger, U.S. IPO Plans

Singapore-based FinAccel—the parent of Indonesia’s buy now, pay later (BNPL) platform Kredivo—has become the city-state’s newest unicorn after raising almost $140 million in a funding round months after the firm canceled a SPAC merger and IPO plans due to unfavorable market conditions.