Kreditech Group subsidiary, LLC MFC Kreditech Russia, received the status of a Microfinance Company (MFC) from the Central Bank of Russia. A new federal law in Russia aims to make the microfinance market transparent and understandable and requires MFC status for all alternative lending companies operating in… Read More
Consumer finance technology group, Kreditech, announced on Thursday it received a €10 million equity investment from Rakuten, Inc. The company stated it plans to use the new funds to further develop its partnership business. Alexander Graubner-Müller, founder and CEO of Kreditech, explained that Rakuten invested… Read More
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
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
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