lending . online loans . credit scoring
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Kreditech offers credit scoring and online financial services to users by leveraging big data. It furthers fuses big data with complex machine-learning algorithms to underwrite and create a digital banking services for the unscored worldwide. It further offers personalized financial products that are tailored as per the customer’s needs.
Kreditech offers credit scoring and online financial services to users by leveraging big data. It furthers fuses big data with complex machine-learning algorithms to underwrite and create a digital banking services for the unscored worldwide. It further offers personalized financial products that are tailored as per the customer’s needs.
Kreditech, through its proprietary credit decision engine, helps the underbanked population to determine their creditworthiness, thereby enabling them to avail loans. It provides access to credit for people without any credit history. It leverages artificial intelligence and machine learning to score a customer and determine credit risk by analyzing up to 20,000 data points per application.
Credit Karma earns money through referrals fees from their financial partners. It also generates revenue through advertisements.
Retail customers
Banks and lenders
Kreditech offers a “credit as a service” model, allowing partners to integrate its credit products as payment method or funding source. The company uses machine learning to analyze the non-traditional data to provide financing options such as loans, PFM, and digital wallets to underbanked communities.
$500 M in 2017
$10M+ in 2017
The company had an estimated revenue of $72Million in 2017
The company acquired Kontomierz a Banking API that allows extracting financial data from bank accounts during the credit approval process.
Kreditech has processed more than three million loan applications through its subsidiaries(Jan 2017).
Alexander Müller
Alexander Müller
Sebastian Diemer
201-500
International Finance Corporation
Jose Garcia Moreno-Torres (CDO)
Oliver Prill (COO)
Alexander Müller (CEO)
Rene Griemens(CFO) is having more than 20 years of experience in corporate finance, strategy,general management at Citibank, McKinsey,in the tech industry,have managed over 70 financial transactions worldwide, including two IPO processes.
YES
8
$304.22 M
Sep 2019
$1 M
Jun 2012
An undisclosed amount of fund were raised in 2012.
SERIES A · $7.5 M · Apr 2013
SERIES B · $40 M · Jun 2014
SERIES C · $103.88 M · Dec 2016
OTHERS · $151.84 M · Sep 2019
$215 M
NO
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Kreditech offers credit scoring and online financial services to users by leveraging big data. It furthers fuses big data with complex machine-learning algorithms to underwrite and create a digital banking services for the unscored worldwide. It further offers personalized financial products that are tailored as per the customer’s needs.
Kreditech, through its proprietary credit decision engine, helps the underbanked population to determine their creditworthiness, thereby enabling them to avail loans. It provides access to credit for people without any credit history. It leverages artificial intelligence and machine learning to score a customer and determine credit risk by analyzing up to 20,000 data points per application.
Credit Karma earns money through referrals fees from their financial partners. It also generates revenue through advertisements.
No live users/transaction yet
201-500
employee: Jose Garcia
employee: Oliver Prill
employee: Alexander Müller
employee: Jose Garcia
employee: Oliver Prill
employee: Alexander Müller
employee: Jose Garcia
employee: Oliver Prill
employee: Alexander Müller
Rene Griemens(CFO) is having more than 20 years of experience in corporate finance, strategy,general management at Citibank, McKinsey,in the tech industry,have managed over 70 financial transactions worldwide, including two IPO processes.
Alexander Müller, Sebastian Diemer
YES
$280.5 M
NO
SERIES A · $7.5 M · Apr 2013
SERIES B · $40 M · Jul 2014
SERIES C · $232 M · May 2017