-13%

est. 2Y upside i

FinTechSeries A

Faire for Indonesia

Rank

#3781

Sector

Fintech

Est. Liquidity

~5Y

Data Quality

Data: Low

CrediBook is a high-risk equity bet with a probability-weighted expected upside of approximately -13%.

Last updated: May 5, 2026

Bull (10%)+300%

CrediMart scales to meaningful GMV, prompting a Series B at a ~$120–140M valuation followed by a strategic acquisition by a regional fintech or logistics player by 2029–2030. Common stock holders see roughly 4x on the implied ~$35M Series A post-money, net of preference overhang.

Base (35%)+10%

CrediBook reaches modest operational scale and is acquired at approximately $40–50M—barely above the estimated Series A post-money of ~$35M. After $10.1M in liquidation preferences absorb first proceeds, common equity receives marginal single-digit gains.

Bear (55%)-85%

With no reported funding activity or press coverage since late 2022 (3.5+ years of silence) and peer companies like BukuWarung merging and Khatabook pivoting, CrediBook exhausts runway without a Series B. An asset sale or wind-down returns proceeds almost entirely to preferred holders, leaving common stock near zero.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Funding Intensity

29%

Total funding of $10.1M against an estimated Series A post-money valuation of ~$35M implies a ~29% liquidation preference overhang—investors recoup $10.1M ahead of common stock in any exit.

Dilution Risk

high

If the company requires a Series B to survive, common stockholders will absorb an additional 20–25% dilution tranche on top of existing seed and Series A dilution.

Secondary Liquidity

none

No secondary market activity is known for CrediBook; Indonesian Series A companies at this scale and funding level have effectively zero secondary liquidity.

View all 4 open roles at CrediBook →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on CrediBook's data — designed to show you've done your homework.

  • 1

    “What is CrediMart's current annualized GMV and month-over-month growth, and how does that compare to the targets set when the $8.1M Series A closed in April 2022?”

  • 2

    “What is the current net revenue run-rate and take-rate on CrediMart transactions, and has the Bayar Tempo BNPL feature achieved meaningful attach rates since the Modal Rakyat partnership launched in late 2022?”

  • 3

    “What is the current cash runway, and what are the board's plans for a Series B raise or a path to cash-flow breakeven given that no follow-on funding has been announced in over three years?”

Community

Valuation Sentiment

Our model estimates -13% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.