Kreditech
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Kreditech

https://www.kreditech.com/
Last activity: 26.09.2019
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Categories: B2CDataFinTechLearnLEDLoanPersonalProductServiceTechnology
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
Location: Germany, Hamburg
Employees: 201-500
Phone: +49 40 60590560
Total raised: $713.67M
Founded date: 2012

Investors 4

Funding Rounds 11

DateSeriesAmountInvestors
25.09.2019-$22M-
10.05.2017-$119.54M-
15.12.2016-$10.43M-
23.03.2016-$103MIFC Ventur...
28.09.2015Series C$92.7M-
10.07.2015Series C$100M-
22.01.2015-$200M-
24.06.2014Series B$40M-
27.01.2014-$15M-
13.09.2013-$7M-
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Mentions in press and media 59

DateTitleDescription
26.09.2019Kreditech Secures €20M in Equity FinancingKreditech, a Hamburg, Germany-based online direct lender and Point-of-Sale (POS) financing provider, secured €20m in equity financing. The round was co-led by Runa Capital, German private investors, with participation from existing sharehol...
25.09.2019Kreditech, 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...
03.07.2019Amadeus 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...
03.07.2019Amadeus 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...
16.03.2018The 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...
10.01.2018Стартапы 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...
10.05.2017Kreditech 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...
10.05.2017German 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...
10.05.2017Term 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...
10.05.2017Kreditech 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...
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