Kreditech, an AI-based loan startup that targets emerging markets, has raised $22 million in its latest funding round, according to a report. Based in Hamburg, Germany, the company offers not only loans, but also point-of-sale financing to near-prime borrowers in countries like Russia, India, Poland...
Kreditech, the online lender in Germany, has reportedly landed a €110 million investment from online payment processor PayU. According to a report, under the deal, PayU gets a large minority stake in Kreditech and builds on a twelve-month pilot program in Poland in which more than...
German startup Kreditech — which extends loans and financial services to consumers sporting limited credit histories, using 20,000 online data points to “score” their attractiveness as borrowers — raised $11 million through a Series C funding round. TechCrunch reported Thursday (March 24) that this brings its total...
[vc_row full_width=”” parallax=”” parallax_image=””][vc_column width=”1/1″][vc_column_text] Financial inclusion – and finding a way into the financial system for the 2 billion or so people worldwide who live largely outside of it (or on its margins) – is a widely touted goal. The UN, The World Bank,...
December 17, 2019
One of the biggest tests for FinTech in the coming years is how well it can serve businesses that don’t have easy or efficient access to credit. That test is playing out in Brazil, the largest country in South America, and one of the largest emerging economies in the world. Artificial intelligence (AI) and blockchain […]
September 25, 2019
Kreditech, an AI-based loan startup that targets emerging markets, has raised $22 million in its latest funding round, according to a report. Based in Hamburg, Germany, the company offers not only loans, but also point-of-sale financing to near-prime borrowers in countries like Russia, India, Poland and Spain. VC Runa Capital is leading the round. HPE […]
May 11, 2017
Kreditech, the online lender in Germany, has reportedly landed a €110 million investment from online payment processor PayU. According to a report, under the deal, PayU gets a large minority stake...
March 25, 2016
German startup Kreditech — which extends loans and financial services to consumers sporting limited credit histories, using 20,000 online data points to “score” their attractiveness as borrowers — raised $11 million through...
September 29, 2015
A company looking to bring financial solvency to others has gotten a boost of its own. Consumer finance technology company Kreditech announced yesterday (Sept. 28) that it has raised $92...
