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Kreditech
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Kreditech

https://www.kreditech.com/
Last activity: 26.09.2019
Probably Closed - Reference to kreditech.com
Categories: PersonalProductServiceTechnologyB2CDataFinTechLearnLEDLoan
Kreditech Group’s mission is to improve financial freedom for the underbanked by the use of technology. Combining non-traditional data sources and machine learning, the Company is aiming to provide access to better credit and a higher convenience for digital banking services. The product offerings include consumer loans, a digital wallet and a personal finance manager designed to help customers manage their credit score and plan their spending. Kreditech also offers a “credit as a service” model, allowing partners to integrate its credit products as payment method or funding source. Founded in 2012 and headquartered in Hamburg, Germany, Kreditech has processed almost three million loan applications through its subsidiaries. The company is led by CEO and Co-Founder Alexander Graubner-Müller and is financially backed by world-class investors including J.C. Flowers, Peter Thiel, and the World Bank’s IFC.
Mentions
59

Overview

Location
Germany, Hamburg
Employees
201-500
Phone
+49 40 60590560
Total raised
$713.67M
Founded date
2012

Investors 4

Funding Rounds 11

DateSeriesAmountInvestors
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May 10, 2017Funding round$119.54M
Dec 15, 2016Funding round$10.43M
Mar 23, 2016Funding round$103M
Sep 28, 2015Series C round$92.7M
Jul 10, 2015Series C round$100M
Jan 22, 2015Funding round$200M
Jun 24, 2014Series B round$40M
Jan 27, 2014Funding round$15M
Sep 13, 2013Funding round$7M
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Mentions in press and media 59

DateTitleDescription
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Sep 25, 2019Kreditech, the AI-based near-prime loans platform, nabs $22M under new CEO to expand globallyCash advances (or simply, loans) continue to be a lucrative area for startups to tackle. By leveraging new AI-based tools to evaluate potential customers, the network effect of the internet and the quick efficiency of digital money transfer...
Jul 3, 2019Amadeus Capital Partners announces new partnership with HarbourVest Partners to support Digital Prosperity Fund I in $87m secondaryAmadeus Capital Partners announces new partnership with HarbourVest Partners to support Digital Prosperity Fund I in $87m secondary 03-07-2019 Global technology investor Amadeus Capital Partners is pleased to announce a new partnership with...
Jul 3, 2019Amadeus Capital Partners announces new partnership with HarbourVest Partners to support Digital Prosperity Fund I in $87m secondaryGlobal technology investor Amadeus Capital Partners is pleased to announce a new partnership with HarbourVest Partners. In a transaction totalling $87 million, MTN Group, the South Africa-based telecommunications company, has sold its inter...
Mar 16, 2018The Third Age of creditNik Milanovic Contributor Nik Milanovic is a fintech and financial inclusion enthusiast, with a decade of work across mobile payments, online lending, credit and microfinance. The opinions expressed in his articles do not reflect those of h...
Jan 10, 2018Стартапы дня год спустя: селфи-приложение Meitu, сервис по аренде джетов JetSmarter и другиеДиректор по стратегии и анализу Mail.Ru Group Александр Горный о судьбе проектов из рубрики «Стартап дня». 8 8 комментариев 4968 просмотров С 7 по 13 января 2017 года стартапами дня были следующие компании. Zibby — сервис потребительского к...
May 10, 2017Kreditech raises €110M from Naspers’ PayU in strategic financing partnershipKreditech, the German startup backed by Peter Thiel, Rakuten and the IFC that creates credit ratings and provides finance to people who may not otherwise have credit histories, has raised another round of funding from one of its strategic p...
May 10, 2017Kreditech Receives €110M Investment from PayUKreditech, a Hamburg, Germany-based fintech company, received a €110m investment from global online payment service provider PayU. Through this major growth financing, PayU has acquired a significant minority stake in Kreditech, joining exi...
May 10, 2017Term Sheet — Wednesday, May 10POLITE AND HOSPITABLE New money: Obvious Ventures has officially closed its second fund with $191,919,191 million in commitments. (A filing from last month revealed a first close.) The firm’s first fund featured a numeric joke – it had $123...
May 10, 2017German fintech startup Kreditech raises €110 million to expand credit in emerging marketsGerman fintech startup Kreditech has received an investment of €110 million from the payment services provider PayU, which is owned by the Internet and media group Naspers. This investment brings the total raised by the company to €242 mill...
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FAQ about Kreditech

When was Kreditech founded?

Kreditech was founded in 2012.

How much funding has Kreditech raised?

Kreditech has raised $713.67M in total across 11 funding rounds.

What funding rounds has Kreditech raised?

Parsers VC lists 11 funding rounds of Kreditech, among them a funding round of $119.54M on May 10, 2017, a funding round of $10.43M on Dec 15, 2016 and a funding round of $103M on Mar 23, 2016.

Who has invested in Kreditech?

Parsers VC lists 4 investors of Kreditech, among them Amadeus Capital Partners, Runa Capital and Blumberg Capital.

What has the press written about Kreditech?

Parsers VC has collected 59 articles mentioning Kreditech, among them “Kreditech, the AI-based near-prime loans platform, nabs $22M under new CEO to expand globally” (Sep 25, 2019) and “Amadeus Capital Partners announces new partnership with HarbourVest Partners to support Digital Prosperity Fund I in $87m secondary” (Jul 3, 2019).

Is Kreditech still active?

Kreditech is probably closed: its latest activity on Parsers VC dates from Sep 26, 2019.