Tagged: rene griemens

Kreditech Russia Receives MFC Status from Central Bank of Russia

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

Kreditech Receives €10M Investment from Rakuten

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

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

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