Kreditech

Kreditech

lending | online loans | credit scoring
website linkedin address
  • FOUNDING YEAR: 2012
    LOCATION:
    Germany
    REGION:
    Hamburg
    Last Update:
    16 Mar, 2020
    Phone:
    +49 40 60590560
    Global presence:
    ["", "Germany", "India", "Poland", "Russian Federation", "Spain"], "Germany", "India", "Poland", "Russian Federation", "Spain"]

Description

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.

FOCUS

PRODUCTS & SERVICES:
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.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail customers
EXISTING PARTNERSHIPS:
Banks and lenders
COMMENT
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.

PEOPLE

FOUNDERS:
Alexander Müller, Sebastian Diemer
Board Members and Advisors:
Alexander Müller, Sebastian Diemer
NUMBER OF EMPLOYEES:
201-500
INVESTORS:
Stefan Glaenzer, Point Nine Capital, Michael Brehm, Global Founders Capital, Blumberg Capital, H2 Investments, YoungBrains, Felix Haas, Nils Holger Henning, Heiko Hubertz, Digital Pioneers, Kreos Capital, HPE Growth Capital, Värde Partners, Victory Park Capital, 10x Group, 121WATT, Amadeus Capital Partners, International Finance Corporation, J.C. Flowers & Co., YoungBrains, Rakuten
KEY EMPLOYEES:
Jose Garcia Moreno-Torres (CDO), Oliver Prill (COO), Alexander Müller (CEO)
COMMENT:
Rene Griemens(CFO) is having more than 20 years of experience in corporate finance, strategy and general management at Citibank, McKinsey and in the tech industry and have managed over 70 financial transactions worldwide, including two IPO processes.

TRACTION

VALUATION / MARKET CAP:
$500 MM in 2017
REVENUE:
$10M+ in 2017
REVENUE COMMENT:
Viewable by subscribers only
OTHER INFO:
The company acquired Kontomierz a Banking API that allows extracting financial data from bank accounts during the credit approval process.
COMMENT:
Kreditech has processed more than three million loan applications through its subsidiaries(Jan 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$304.22 Millions
DATE OF LAST FUNDING:
Sep 2019
SEED & PRIOR FUNDING:
$1 Million
SEED CLOSED ON:
Jun 2012
SEED PRIOR FUNDING COMMENT:
An undisclosed amount of fund were raised in 2012.
FUNDING SERIES:
SERIES A
$7.5 Millions Closed: Apr 2013
SERIES B
$40 Millions Closed: Jun 2014
SERIES C
$103.88 Millions Closed: Dec 2016
Secondary Market
tyywkhlbln Closed: Nov 2014
Others
$151.84 Millions Closed: Sep 2019
DEBT FUNDING:
$215 Millions
LISTED:
NO

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