Jakarta, Indonesia, December 16, 2021 / PRNewswire / – Kredivo, indonesia leading ‘Buy Now, Pay Later’ platform continues to expand its reach in the retail industry. This time, Kredivo signed a strategic partnership with IKEA, a global retail company of Sweden which sells high quality household furniture. This partnership allows customers to purchase IKEA products using Kredivo as a payment method on IKEA Indonesia’s website as well as offline stores, and choose to pay in 30 days or 3 months with 0% off. interest, or take 6 and 12 month installments with only 2.6% interest per month.
Lily suriani – Managing Director of Kredivo Indonesia said: “We are very happy to be working with IKEA, one of the world’s leading consumer brands. This partnership is recognition of Kredivo’s leadership in BNPL (buy now pay later) and represents a deep commitment on our part to provide our customers with a shopping experience with the best retailers in the country. “
During this time, Dyah Fitrisally – Country Marketing Manager, IKEA Indonesia added, “Our vision is to create better everyday life for many people. One of the concrete steps taken to achieve our vision is to expand accessibility, including the activation of credit payment methods that make it easier for customers to pay for their purchases. Through this partnership, Kredivo customers can access well-designed and functional household furniture from IKEA using a Paylater option or a quick, easy and affordable payout option. “
The growing number of people renovating their homes for the convenience of doing indoor activities, such as working or studying at home, has resulted in an increasing demand for furniture and furnishings. This growth is further reinforced by the reallocation of household spending towards the furniture category, as well as the change in behavior towards online purchases on e-commerce.
Kredivo is the first digital credit platform in Indonesia which provides customers with instant credit financing for e-commerce and offline shopping, as well as personal loans, based on real-time decisions. Kredivo users can buy now and pay later with one of the lowest interest rates among digital credit providers nationwide. Kredivo partner merchants benefit from instant financing at the point of sale, optimized by its one-off payment in 2 clicks. Kredivo is operated by FinAccel, a Singapore-Financial technology company headquartered in the mission of making financial services fast, affordable and accessible. FinAccel is backed by leading investors such as Mirae Asset, Naver, Square Peg Capital, Telkom Indonesia and Jungle Ventures, among others. Kredivo is supervised by the multifinance division of OJK in Indonesia. To learn more about FinAccel and Kredivo, visit www.finaccel.co and www.kredivo.com.
About IKEA Indonesia
IKEA’s vision is to create a better everyday life for many people, by offering a range of functional and well-designed home furnishings at affordable prices so that more people can afford them.
IKEA was founded by Ingvar Kamprad in Småland, to the south Sweden in 1943, when he was 17. The name of the company is an abbreviation of his initials, IK, E stands for Elmtaryd, the name of the farm where he grew up, and A stands for Agunnaryd where the farm is located.
The IKEA concept is based on an in-depth knowledge of the needs and functions of life at home, combining experience in the use of materials and production techniques. IKEA has 75 years of experience in the development and presentation of the IKEA product line.
The IKEA store presents a range of well-designed home furniture that is functional and manufactured through research and development, strict quality control and long-term sustainability in mind.
IKEA products are simple in design, multifunctional, and have many “invisible” benefits. IKEA products are flat packed, allowing for a do-it-yourself concept and more affordable prices for products made by designers.
The IKEA company in Indonesia is operated under the exclusive franchise rights granted to PT Rumah Mebel Nusantara. The first IKEA store in Indonesia was opened in Alam sutera to October 15, 2014, the second store is in Sentul City which opened on November 28, 2019, the third IKEA store is in Kota Baru Parahyangan which opened on March 28, 2021, and the fourth store is in Jakarta Garden City which opened on September 16, 2021. In addition to the stores above, IKEA has opened a customer meeting point at Bali.