Singapore's FinAccel to go public in a US$2.5b SPAC deal

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Singapore's FinAccel to go public in a US$2.5b SPAC deal

Bloomberg2021-08-03

FinAccel’s Kredivo offers consumers instant credit financing The deal includes $120 million PIPE led by Marshall Wace FinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go ...

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RyanQ
·2021-08-03
Ok
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1
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FlareSpark
·2021-08-03
[財迷]
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NoobTrader9
·2021-08-03
Nice
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HuatRocket
·2021-08-03
Pls like
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- ZeonLeong:
  Ok
  2021-08-03
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- Oldie:
  done. please like too
  2021-08-03
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56CcLim
·2021-08-03
wow
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- 56CcLim:
  C
  2021-11-23
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- 56CcLim:
  Bug
  2021-11-22
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- 56CcLim:
  By
  2021-11-21
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lyj1999
·2021-08-03
Pls like
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- RyanQ:
  wow
  2021-08-03
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- BoonP:
  done
  2021-08-03
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Separately, exiting backers Naver, Square Peg Capital and Jungle Ventures agreed to invest US$55 million of equity.</p>\n<p>Singapore-based FinAccel is the latest startup in South-east Asia to take advantage of a US-led SPAC boom. It's set to become the first dedicated fintech startup in the region to list in the US, joining Singapore's Grab Holdings and PropertyGuru, which are also planning to go public via blank-cheque companies.</p>\n<p>Going public through the SPAC process lets the company \"diversify the investor base and access larger amounts of capital faster\", FinAccel chief executive officer Akshay Garg said in an interview.</p>\n<p>\"The deal puts up to US$430 million on the company's balance sheet, which gives us the firepower to build a large, diversified, digital financial services business in South-east Asia.\"</p>\n<p>Victory Street Capital and Kredivo began speaking about a potential deal after the fintech&nbsp;closed a US$100 million credit facility&nbsp;from the firm in June, Mr Garg said.</p>\n<p>\"We thought it made a ton of sense,\" he added.</p>\n<p>The proposed business combination is subject to approval by the SPAC's stockholders and regulators. The merger is expected to close no later than the first quarter of 2022, according to the statement.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore's FinAccel to go public in a US$2.5b SPAC deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore's FinAccel to go public in a US$2.5b SPAC deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 09:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led by Marshall Wace\n\nFinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VPCB":"VPC Impact Acquisition Holdings II"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171705978","content_text":"FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led by Marshall Wace\n\nFinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go public in the US through a merger with a blank-cheque firm that values the combined companies at US$2.5 billion.\nFinAccel is merging with VPC Impact Acquisition Holdings II, a special purpose acquisition company sponsored by Chicago-based Victory Park Capital Advisors LLC, the companies said in a statement on Tuesday.\nThe deal will include a private investment in public equity, or PIPE, of US$120 million from investors including Marshall Wace, Corbin Capital, SV Investment, Maso Capital and Victory Park Capital. Separately, exiting backers Naver, Square Peg Capital and Jungle Ventures agreed to invest US$55 million of equity.\nSingapore-based FinAccel is the latest startup in South-east Asia to take advantage of a US-led SPAC boom. It's set to become the first dedicated fintech startup in the region to list in the US, joining Singapore's Grab Holdings and PropertyGuru, which are also planning to go public via blank-cheque companies.\nGoing public through the SPAC process lets the company \"diversify the investor base and access larger amounts of capital faster\", FinAccel chief executive officer Akshay Garg said in an interview.\n\"The deal puts up to US$430 million on the company's balance sheet, which gives us the firepower to build a large, diversified, digital financial services business in South-east Asia.\"\nVictory Street Capital and Kredivo began speaking about a potential deal after the fintech closed a US$100 million credit facility from the firm in June, Mr Garg said.\n\"We thought it made a ton of sense,\" he added.\nThe proposed business combination is subject to approval by the SPAC's stockholders and regulators. The merger is expected to close no later than the first quarter of 2022, according to the statement.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":804671664,"gmtCreate":1627956118358,"gmtModify":1703498525602,"author":{"id":"3584955097359320","authorId":"3584955097359320","name":"FlareSpark","avatar":"https://static.tigerbbs.com/38942f5d417a8d645800903b08402b4e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3584955097359320","authorIdStr":"3584955097359320"},"htmlText":"[財迷]&nbsp;","listText":"[財迷]&nbsp;","text":"[財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804671664","repostId":1171705978,"repostType":4,"repost":{"id":"1171705978","pubTimestamp":1627955096,"share":"https://ttm.financial/m/news/1171705978?lang=&edition=fundamental","pubTime":"2021-08-03 09:44","market":"us","language":"en","title":"Singapore's FinAccel to go public in a US$2.5b SPAC deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1171705978","media":"Bloomberg","summary":"FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led","content":"<ul>\n <li>FinAccel’s Kredivo offers consumers instant credit financing</li>\n <li>The deal includes $120 million PIPE led by Marshall Wace</li>\n</ul>\n<p>FinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go public in the US through a merger with a blank-cheque firm that values the combined companies at US$2.5 billion.</p>\n<p>FinAccel is merging with VPC Impact Acquisition Holdings II, a special purpose acquisition company sponsored by Chicago-based Victory Park Capital Advisors LLC, the companies said in a statement on Tuesday.</p>\n<p>The deal will include a private investment in public equity, or PIPE, of US$120 million from investors including Marshall Wace, Corbin Capital, SV Investment, Maso Capital and Victory Park Capital. Separately, exiting backers Naver, Square Peg Capital and Jungle Ventures agreed to invest US$55 million of equity.</p>\n<p>Singapore-based FinAccel is the latest startup in South-east Asia to take advantage of a US-led SPAC boom. It's set to become the first dedicated fintech startup in the region to list in the US, joining Singapore's Grab Holdings and PropertyGuru, which are also planning to go public via blank-cheque companies.</p>\n<p>Going public through the SPAC process lets the company \"diversify the investor base and access larger amounts of capital faster\", FinAccel chief executive officer Akshay Garg said in an interview.</p>\n<p>\"The deal puts up to US$430 million on the company's balance sheet, which gives us the firepower to build a large, diversified, digital financial services business in South-east Asia.\"</p>\n<p>Victory Street Capital and Kredivo began speaking about a potential deal after the fintech&nbsp;closed a US$100 million credit facility&nbsp;from the firm in June, Mr Garg said.</p>\n<p>\"We thought it made a ton of sense,\" he added.</p>\n<p>The proposed business combination is subject to approval by the SPAC's stockholders and regulators. The merger is expected to close no later than the first quarter of 2022, according to the statement.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore's FinAccel to go public in a US$2.5b SPAC deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore's FinAccel to go public in a US$2.5b SPAC deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 09:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led by Marshall Wace\n\nFinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VPCB":"VPC Impact Acquisition Holdings II"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171705978","content_text":"FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led by Marshall Wace\n\nFinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go public in the US through a merger with a blank-cheque firm that values the combined companies at US$2.5 billion.\nFinAccel is merging with VPC Impact Acquisition Holdings II, a special purpose acquisition company sponsored by Chicago-based Victory Park Capital Advisors LLC, the companies said in a statement on Tuesday.\nThe deal will include a private investment in public equity, or PIPE, of US$120 million from investors including Marshall Wace, Corbin Capital, SV Investment, Maso Capital and Victory Park Capital. Separately, exiting backers Naver, Square Peg Capital and Jungle Ventures agreed to invest US$55 million of equity.\nSingapore-based FinAccel is the latest startup in South-east Asia to take advantage of a US-led SPAC boom. It's set to become the first dedicated fintech startup in the region to list in the US, joining Singapore's Grab Holdings and PropertyGuru, which are also planning to go public via blank-cheque companies.\nGoing public through the SPAC process lets the company \"diversify the investor base and access larger amounts of capital faster\", FinAccel chief executive officer Akshay Garg said in an interview.\n\"The deal puts up to US$430 million on the company's balance sheet, which gives us the firepower to build a large, diversified, digital financial services business in South-east Asia.\"\nVictory Street Capital and Kredivo began speaking about a potential deal after the fintech closed a US$100 million credit facility from the firm in June, Mr Garg said.\n\"We thought it made a ton of sense,\" he added.\nThe proposed business combination is subject to approval by the SPAC's stockholders and regulators. The merger is expected to close no later than the first quarter of 2022, according to the statement.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":804642618,"gmtCreate":1627955858434,"gmtModify":1703498515208,"author":{"id":"4090231144855440","authorId":"4090231144855440","name":"NoobTrader9","avatar":"https://static.tigerbbs.com/1189e3845ff52d4631cf0acfddc9ae88","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4090231144855440","authorIdStr":"4090231144855440"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804642618","repostId":1171705978,"repostType":4,"repost":{"id":"1171705978","pubTimestamp":1627955096,"share":"https://ttm.financial/m/news/1171705978?lang=&edition=fundamental","pubTime":"2021-08-03 09:44","market":"us","language":"en","title":"Singapore's FinAccel to go public in a US$2.5b SPAC deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1171705978","media":"Bloomberg","summary":"FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led","content":"<ul>\n <li>FinAccel’s Kredivo offers consumers instant credit financing</li>\n <li>The deal includes $120 million PIPE led by Marshall Wace</li>\n</ul>\n<p>FinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go public in the US through a merger with a blank-cheque firm that values the combined companies at US$2.5 billion.</p>\n<p>FinAccel is merging with VPC Impact Acquisition Holdings II, a special purpose acquisition company sponsored by Chicago-based Victory Park Capital Advisors LLC, the companies said in a statement on Tuesday.</p>\n<p>The deal will include a private investment in public equity, or PIPE, of US$120 million from investors including Marshall Wace, Corbin Capital, SV Investment, Maso Capital and Victory Park Capital. Separately, exiting backers Naver, Square Peg Capital and Jungle Ventures agreed to invest US$55 million of equity.</p>\n<p>Singapore-based FinAccel is the latest startup in South-east Asia to take advantage of a US-led SPAC boom. It's set to become the first dedicated fintech startup in the region to list in the US, joining Singapore's Grab Holdings and PropertyGuru, which are also planning to go public via blank-cheque companies.</p>\n<p>Going public through the SPAC process lets the company \"diversify the investor base and access larger amounts of capital faster\", FinAccel chief executive officer Akshay Garg said in an interview.</p>\n<p>\"The deal puts up to US$430 million on the company's balance sheet, which gives us the firepower to build a large, diversified, digital financial services business in South-east Asia.\"</p>\n<p>Victory Street Capital and Kredivo began speaking about a potential deal after the fintech&nbsp;closed a US$100 million credit facility&nbsp;from the firm in June, Mr Garg said.</p>\n<p>\"We thought it made a ton of sense,\" he added.</p>\n<p>The proposed business combination is subject to approval by the SPAC's stockholders and regulators. The merger is expected to close no later than the first quarter of 2022, according to the statement.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore's FinAccel to go public in a US$2.5b SPAC deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore's FinAccel to go public in a US$2.5b SPAC deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 09:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led by Marshall Wace\n\nFinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VPCB":"VPC Impact Acquisition Holdings II"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171705978","content_text":"FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led by Marshall Wace\n\nFinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go public in the US through a merger with a blank-cheque firm that values the combined companies at US$2.5 billion.\nFinAccel is merging with VPC Impact Acquisition Holdings II, a special purpose acquisition company sponsored by Chicago-based Victory Park Capital Advisors LLC, the companies said in a statement on Tuesday.\nThe deal will include a private investment in public equity, or PIPE, of US$120 million from investors including Marshall Wace, Corbin Capital, SV Investment, Maso Capital and Victory Park Capital. Separately, exiting backers Naver, Square Peg Capital and Jungle Ventures agreed to invest US$55 million of equity.\nSingapore-based FinAccel is the latest startup in South-east Asia to take advantage of a US-led SPAC boom. It's set to become the first dedicated fintech startup in the region to list in the US, joining Singapore's Grab Holdings and PropertyGuru, which are also planning to go public via blank-cheque companies.\nGoing public through the SPAC process lets the company \"diversify the investor base and access larger amounts of capital faster\", FinAccel chief executive officer Akshay Garg said in an interview.\n\"The deal puts up to US$430 million on the company's balance sheet, which gives us the firepower to build a large, diversified, digital financial services business in South-east Asia.\"\nVictory Street Capital and Kredivo began speaking about a potential deal after the fintech closed a US$100 million credit facility from the firm in June, Mr Garg said.\n\"We thought it made a ton of sense,\" he added.\nThe proposed business combination is subject to approval by the SPAC's stockholders and regulators. The merger is expected to close no later than the first quarter of 2022, according to the statement.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":804641584,"gmtCreate":1627955721648,"gmtModify":1703498512102,"author":{"id":"3573684056944075","authorId":"3573684056944075","name":"HuatRocket","avatar":"https://community-static.tradeup.com/news/96f83f4d280b89b81386745f0a7b9d8d","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":1,"idStr":"3573684056944075","authorIdStr":"3573684056944075"},"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/804641584","repostId":1171705978,"repostType":4,"repost":{"id":"1171705978","pubTimestamp":1627955096,"share":"https://ttm.financial/m/news/1171705978?lang=&edition=fundamental","pubTime":"2021-08-03 09:44","market":"us","language":"en","title":"Singapore's FinAccel to go public in a US$2.5b SPAC deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1171705978","media":"Bloomberg","summary":"FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led","content":"<ul>\n <li>FinAccel’s Kredivo offers consumers instant credit financing</li>\n <li>The deal includes $120 million PIPE led by Marshall Wace</li>\n</ul>\n<p>FinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go public in the US through a merger with a blank-cheque firm that values the combined companies at US$2.5 billion.</p>\n<p>FinAccel is merging with VPC Impact Acquisition Holdings II, a special purpose acquisition company sponsored by Chicago-based Victory Park Capital Advisors LLC, the companies said in a statement on Tuesday.</p>\n<p>The deal will include a private investment in public equity, or PIPE, of US$120 million from investors including Marshall Wace, Corbin Capital, SV Investment, Maso Capital and Victory Park Capital. Separately, exiting backers Naver, Square Peg Capital and Jungle Ventures agreed to invest US$55 million of equity.</p>\n<p>Singapore-based FinAccel is the latest startup in South-east Asia to take advantage of a US-led SPAC boom. It's set to become the first dedicated fintech startup in the region to list in the US, joining Singapore's Grab Holdings and PropertyGuru, which are also planning to go public via blank-cheque companies.</p>\n<p>Going public through the SPAC process lets the company \"diversify the investor base and access larger amounts of capital faster\", FinAccel chief executive officer Akshay Garg said in an interview.</p>\n<p>\"The deal puts up to US$430 million on the company's balance sheet, which gives us the firepower to build a large, diversified, digital financial services business in South-east Asia.\"</p>\n<p>Victory Street Capital and Kredivo began speaking about a potential deal after the fintech&nbsp;closed a US$100 million credit facility&nbsp;from the firm in June, Mr Garg said.</p>\n<p>\"We thought it made a ton of sense,\" he added.</p>\n<p>The proposed business combination is subject to approval by the SPAC's stockholders and regulators. The merger is expected to close no later than the first quarter of 2022, according to the statement.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore's FinAccel to go public in a US$2.5b SPAC deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore's FinAccel to go public in a US$2.5b SPAC deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 09:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led by Marshall Wace\n\nFinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VPCB":"VPC Impact Acquisition Holdings II"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171705978","content_text":"FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led by Marshall Wace\n\nFinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go public in the US through a merger with a blank-cheque firm that values the combined companies at US$2.5 billion.\nFinAccel is merging with VPC Impact Acquisition Holdings II, a special purpose acquisition company sponsored by Chicago-based Victory Park Capital Advisors LLC, the companies said in a statement on Tuesday.\nThe deal will include a private investment in public equity, or PIPE, of US$120 million from investors including Marshall Wace, Corbin Capital, SV Investment, Maso Capital and Victory Park Capital. Separately, exiting backers Naver, Square Peg Capital and Jungle Ventures agreed to invest US$55 million of equity.\nSingapore-based FinAccel is the latest startup in South-east Asia to take advantage of a US-led SPAC boom. It's set to become the first dedicated fintech startup in the region to list in the US, joining Singapore's Grab Holdings and PropertyGuru, which are also planning to go public via blank-cheque companies.\nGoing public through the SPAC process lets the company \"diversify the investor base and access larger amounts of capital faster\", FinAccel chief executive officer Akshay Garg said in an interview.\n\"The deal puts up to US$430 million on the company's balance sheet, which gives us the firepower to build a large, diversified, digital financial services business in South-east Asia.\"\nVictory Street Capital and Kredivo began speaking about a potential deal after the fintech closed a US$100 million credit facility from the firm in June, Mr Garg said.\n\"We thought it made a ton of sense,\" he added.\nThe proposed business combination is subject to approval by the SPAC's stockholders and regulators. The merger is expected to close no later than the first quarter of 2022, according to the statement.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5409339,"gmtCreate":1627956149245,"gmtModify":1663231853851,"authorId":4087463977945150,"author":{"id":4087463977945150,"idStr":"4087463977945150","authorId":4087463977945150,"name":"ZeonLeong","avatar":"https://static.tigerbbs.com/b75f9bfe9bec7d6d05ee3137a9d15991","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":804641584,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":5409310,"gmtCreate":1627956045657,"gmtModify":1663231850527,"authorId":3584415246670106,"author":{"id":3584415246670106,"idStr":"3584415246670106","authorId":3584415246670106,"name":"Oldie","avatar":"https://static.tigerbbs.com/09a7a0c9fe9b5b416d6f049746ddfa29","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":804641584,"type":1,"supId":0,"prevId":0,"content":"done. please like too","text":"done. please like too","html":"done. please like too"}],"langContent":"EN"},{"id":804656496,"gmtCreate":1627955389115,"gmtModify":1703498500661,"author":{"id":"3586674249878940","authorId":"3586674249878940","name":"56CcLim","avatar":"https://static.tigerbbs.com/87dfe8273941f7d09718b96911eb7862","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3586674249878940","authorIdStr":"3586674249878940"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":74,"repostSize":0,"link":"https://ttm.financial/post/804656496","repostId":1171705978,"repostType":4,"repost":{"id":"1171705978","pubTimestamp":1627955096,"share":"https://ttm.financial/m/news/1171705978?lang=&edition=fundamental","pubTime":"2021-08-03 09:44","market":"us","language":"en","title":"Singapore's FinAccel to go public in a US$2.5b SPAC deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1171705978","media":"Bloomberg","summary":"FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led","content":"<ul>\n <li>FinAccel’s Kredivo offers consumers instant credit financing</li>\n <li>The deal includes $120 million PIPE led by Marshall Wace</li>\n</ul>\n<p>FinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go public in the US through a merger with a blank-cheque firm that values the combined companies at US$2.5 billion.</p>\n<p>FinAccel is merging with VPC Impact Acquisition Holdings II, a special purpose acquisition company sponsored by Chicago-based Victory Park Capital Advisors LLC, the companies said in a statement on Tuesday.</p>\n<p>The deal will include a private investment in public equity, or PIPE, of US$120 million from investors including Marshall Wace, Corbin Capital, SV Investment, Maso Capital and Victory Park Capital. Separately, exiting backers Naver, Square Peg Capital and Jungle Ventures agreed to invest US$55 million of equity.</p>\n<p>Singapore-based FinAccel is the latest startup in South-east Asia to take advantage of a US-led SPAC boom. It's set to become the first dedicated fintech startup in the region to list in the US, joining Singapore's Grab Holdings and PropertyGuru, which are also planning to go public via blank-cheque companies.</p>\n<p>Going public through the SPAC process lets the company \"diversify the investor base and access larger amounts of capital faster\", FinAccel chief executive officer Akshay Garg said in an interview.</p>\n<p>\"The deal puts up to US$430 million on the company's balance sheet, which gives us the firepower to build a large, diversified, digital financial services business in South-east Asia.\"</p>\n<p>Victory Street Capital and Kredivo began speaking about a potential deal after the fintech&nbsp;closed a US$100 million credit facility&nbsp;from the firm in June, Mr Garg said.</p>\n<p>\"We thought it made a ton of sense,\" he added.</p>\n<p>The proposed business combination is subject to approval by the SPAC's stockholders and regulators. The merger is expected to close no later than the first quarter of 2022, according to the statement.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore's FinAccel to go public in a US$2.5b SPAC deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore's FinAccel to go public in a US$2.5b SPAC deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 09:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led by Marshall Wace\n\nFinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VPCB":"VPC Impact Acquisition Holdings II"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171705978","content_text":"FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led by Marshall Wace\n\nFinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go public in the US through a merger with a blank-cheque firm that values the combined companies at US$2.5 billion.\nFinAccel is merging with VPC Impact Acquisition Holdings II, a special purpose acquisition company sponsored by Chicago-based Victory Park Capital Advisors LLC, the companies said in a statement on Tuesday.\nThe deal will include a private investment in public equity, or PIPE, of US$120 million from investors including Marshall Wace, Corbin Capital, SV Investment, Maso Capital and Victory Park Capital. Separately, exiting backers Naver, Square Peg Capital and Jungle Ventures agreed to invest US$55 million of equity.\nSingapore-based FinAccel is the latest startup in South-east Asia to take advantage of a US-led SPAC boom. It's set to become the first dedicated fintech startup in the region to list in the US, joining Singapore's Grab Holdings and PropertyGuru, which are also planning to go public via blank-cheque companies.\nGoing public through the SPAC process lets the company \"diversify the investor base and access larger amounts of capital faster\", FinAccel chief executive officer Akshay Garg said in an interview.\n\"The deal puts up to US$430 million on the company's balance sheet, which gives us the firepower to build a large, diversified, digital financial services business in South-east Asia.\"\nVictory Street Capital and Kredivo began speaking about a potential deal after the fintech closed a US$100 million credit facility from the firm in June, Mr Garg said.\n\"We thought it made a ton of sense,\" he added.\nThe proposed business combination is subject to approval by the SPAC's stockholders and regulators. The merger is expected to close no later than the first quarter of 2022, according to the statement.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6687876,"gmtCreate":1637632588247,"gmtModify":1663237415542,"authorId":3586674249878940,"author":{"id":3586674249878940,"idStr":"3586674249878940","authorId":3586674249878940,"name":"56CcLim","avatar":"https://static.tigerbbs.com/87dfe8273941f7d09718b96911eb7862","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 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like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/804656028","repostId":1171705978,"repostType":4,"repost":{"id":"1171705978","pubTimestamp":1627955096,"share":"https://ttm.financial/m/news/1171705978?lang=&edition=fundamental","pubTime":"2021-08-03 09:44","market":"us","language":"en","title":"Singapore's FinAccel to go public in a US$2.5b SPAC deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1171705978","media":"Bloomberg","summary":"FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led","content":"<ul>\n <li>FinAccel’s Kredivo offers consumers instant credit financing</li>\n <li>The deal includes $120 million PIPE led by Marshall Wace</li>\n</ul>\n<p>FinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go public in the US through a merger with a blank-cheque firm that values the combined companies at US$2.5 billion.</p>\n<p>FinAccel is merging with VPC Impact Acquisition Holdings II, a special purpose acquisition company sponsored by Chicago-based Victory Park Capital Advisors LLC, the companies said in a statement on Tuesday.</p>\n<p>The deal will include a private investment in public equity, or PIPE, of US$120 million from investors including Marshall Wace, Corbin Capital, SV Investment, Maso Capital and Victory Park Capital. Separately, exiting backers Naver, Square Peg Capital and Jungle Ventures agreed to invest US$55 million of equity.</p>\n<p>Singapore-based FinAccel is the latest startup in South-east Asia to take advantage of a US-led SPAC boom. It's set to become the first dedicated fintech startup in the region to list in the US, joining Singapore's Grab Holdings and PropertyGuru, which are also planning to go public via blank-cheque companies.</p>\n<p>Going public through the SPAC process lets the company \"diversify the investor base and access larger amounts of capital faster\", FinAccel chief executive officer Akshay Garg said in an interview.</p>\n<p>\"The deal puts up to US$430 million on the company's balance sheet, which gives us the firepower to build a large, diversified, digital financial services business in South-east Asia.\"</p>\n<p>Victory Street Capital and Kredivo began speaking about a potential deal after the fintech&nbsp;closed a US$100 million credit facility&nbsp;from the firm in June, Mr Garg said.</p>\n<p>\"We thought it made a ton of sense,\" he added.</p>\n<p>The proposed business combination is subject to approval by the SPAC's stockholders and regulators. The merger is expected to close no later than the first quarter of 2022, according to the statement.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore's FinAccel to go public in a US$2.5b SPAC deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore's FinAccel to go public in a US$2.5b SPAC deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 09:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led by Marshall Wace\n\nFinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VPCB":"VPC Impact Acquisition Holdings II"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-02/singapore-s-finaccel-to-go-public-in-a-2-5-billion-spac-deal","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171705978","content_text":"FinAccel’s Kredivo offers consumers instant credit financing\nThe deal includes $120 million PIPE led by Marshall Wace\n\nFinAccel, the parent company of Indonesian fintech startup Kredivo, agreed to go public in the US through a merger with a blank-cheque firm that values the combined companies at US$2.5 billion.\nFinAccel is merging with VPC Impact Acquisition Holdings II, a special purpose acquisition company sponsored by Chicago-based Victory Park Capital Advisors LLC, the companies said in a statement on Tuesday.\nThe deal will include a private investment in public equity, or PIPE, of US$120 million from investors including Marshall Wace, Corbin Capital, SV Investment, Maso Capital and Victory Park Capital. Separately, exiting backers Naver, Square Peg Capital and Jungle Ventures agreed to invest US$55 million of equity.\nSingapore-based FinAccel is the latest startup in South-east Asia to take advantage of a US-led SPAC boom. It's set to become the first dedicated fintech startup in the region to list in the US, joining Singapore's Grab Holdings and PropertyGuru, which are also planning to go public via blank-cheque companies.\nGoing public through the SPAC process lets the company \"diversify the investor base and access larger amounts of capital faster\", FinAccel chief executive officer Akshay Garg said in an interview.\n\"The deal puts up to US$430 million on the company's balance sheet, which gives us the firepower to build a large, diversified, digital financial services business in South-east Asia.\"\nVictory Street Capital and Kredivo began speaking about a potential deal after the fintech closed a US$100 million credit facility from the firm in June, Mr Garg said.\n\"We thought it made a ton of sense,\" he added.\nThe proposed business combination is subject to approval by the SPAC's stockholders and regulators. The merger is expected to close no later than the first quarter of 2022, according to the statement.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5410004,"gmtCreate":1627959503637,"gmtModify":1663231854730,"authorId":3574881932341088,"author":{"id":3574881932341088,"idStr":"3574881932341088","authorId":3574881932341088,"name":"RyanQ","avatar":"https://static.tigerbbs.com/953f715b13847917f8185e7d089273b7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":804656028,"type":1,"supId":0,"prevId":0,"content":"<u>wow</u>","text":"<u>wow</u>","html":"<u>wow</u>"},{"id":5409243,"gmtCreate":1627955711302,"gmtModify":1663231851141,"authorId":3557640487329444,"author":{"id":3557640487329444,"idStr":"3557640487329444","authorId":3557640487329444,"name":"BoonP","avatar":"https://static.tigerbbs.com/dbe82c094f46c7557d8b3b483b6d1c0e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":804656028,"type":1,"supId":0,"prevId":0,"content":"<u>done</u>","text":"<u>done</u>","html":"<u>done</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":72,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}