Tagged: kreditech

Name Change: Kreditech Rebrands to Monedo

Kreditech has rebranded to Monedo. The company is a point of sale (PoS) lender. The online lender claims to have over one million customers that have received more than 2 million loans. In a release, Monedo said it was looking to “further grow its position… Read More

Fintech Kreditech Says Break Even Cash Flow by 2020 as 2018 Loss Shrinks

German online lender Kreditech says the company is on track to “reach profitability in the near future,” as operating loss shrinks. Simultaneously, revenue and originations both declined. The Fintech claims significantly improved performance as a result of a new strategy that was implemented in 2018…. Read More

Germany: Kreditech Gains €20 Million in Equity Financing, Plans Global Expansion

Online lender Kreditech has raised €20 million in its latest funding round, according to a note from the company. Apparently, the additional capital will help the Fintech scale globally in its goal to provide credit to near-prime customers. The funding was co-led by Runa Capital… Read More

Kreditech Shakeup: Founder Alexander Graubner-Müller Steps Down As Managing Director

Kreditech, a Germany-based fintech that’s targeting the digital banking space, announced on Friday that its founder and former CEO Alexander Graubner-Müller is stepping down from his operational role as a managing director. Graubner-Müller reportedly co-founded Kreditech with Sebastian Diemer in 2012 and after initially acting as… Read More

PayU Collaborates With Kreditech to Launch Instant Cardless EMI With PayU Monedo in India

On Wednesday, global online payment service provider PayU announced it is collaborating with Kreditech, a digital consumer lending group that uses machine-learning based underwriting, to launch the beta phase of PayU Monedo in India. According to PayU, PayU Monedo is set to provide cardless EMIs (equated… Read More

Kreditech Receives €110 Million Investment from PayU in Largest Ever Investment in German Fintech

Kreditech, a Hamburg, Germany based Fintech company targeting the digital banking space, has received a €110 Million equity investment from PayU – a leading payments provider. The investment is the largest ever for a German Fintech firm. PayU has now acquired a significant minority stake in… Read More

Kreditech Appoints Senior Global Bankers to Advisory Board

Online lender Kreditech has appointed two senior bankers to its advisory board. Former CEO of Vanquis Bank, Michael Lenora and CEO of OneSavings Bank, Andy Golding will now help provide guidance to the Hamburg-based Fintech tirm. Kreditech, a consumer lender and “Credit as a Service”… Read More

Kreditech Appoints Former mBank Managing Director Michal Panowicz as CPIO

On Thursday, consumer finance technology group, Kreditech, announced it has appointed Michal Panowicz is joining as Chief Product and Information Officer (CPIO).   Kreditech stated Panowicz’s career highlight was a complete digital transformation of the third largest bank in Poland,  mBank, and growing it to one of… Read More

Kreditech Announces Online Point-Of-Sales Financing Launch: Reports Beta Phase Integration with Naspers’ E-Payments Division

On Wednesday, consumer finance technology company Kreditech announced the launch of its new business line, Online Point of Sales (POS) Financing. The first client, PayU Global BV, is a payment services provider and the e-payments division of Naspers Ltd., deploys Kreditech’s B2B2C solution. In the… Read More

Fintech Startups and The Future of Banking

Will fintech startups cause the demise of banks or come to their rescue? This was one of the topics debated at The “Future of Banking” event held by The Economist in Paris on March 10th 2016. The Future of Banking was aptly subtitled “Survival of… Read More

Kreditech Raises €82.5 Million in Series C Funding Round

Big data company Kreditech is on a “simple mission to build a ‘digital bank’ for everyone” now has more money to accomplish its goal.  Kreditech has just announced it has raised €82.5 million in a Series C funding round led by JC Flowers.  Existing investors Peter… Read More

Consumer FinTech Company Kreditech Hires Oliver Prill as COO

Hamburg, Germany based Kreditech has added to its executive team with the hire of Oliver Prill as Chief Operating Officer. Oliver is said to have over 15 years experience in the wholesale and retail financial service industry. Before joining Kreditech he served as an advisor to… Read More

VPC Specialty Lending Adds Positions in OnDeck, Funding Circle & Others

VPC Speciality Lending Investments (LSE:VSL) has published a brief comment stating they have added investments in several direct lenders including OnDeck Capital, Funding Circle (USA), Upstart Network, Borro and Kreditech.  VPC has also provided a balance sheet loan to Applied Data Finance.  The company acquired… Read More

Kreditech Group Secures $200M Credit Facility from Victory Park Capital

The Kreditech Group, a consumer finance technology group, has announced the completion of a $200 million credit facility from Victory Park Capital, a Chicago-based asset management firm focused on middle market debt and equity investments. The investment reflects investors’ confidence in its big data credit-scoring technology… Read More

Germany Update: Founder Institute Launches in Frankfurt & Paymentandbanking.com Chooses Kreditech as FinTech Startup of 2014

Paymentandbanking.com named Hamburg-based Kreditech  as the FinTech Startup of 2014. The jury explains its choice noting  Kreditech “obvious disruption and, unfortunately, one of the few German FinTech startups that has substantial foreign investment.” Kreditech applies big data to score the creditworthiness of customers. In addition, Founder Institute initiated its… Read More

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