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Kreditech Raises EUR 10M From Rakuten

Hamburg, Germany 15 December 2016 – Kreditech, the leading consumer finance company, has raised EUR 10 million in equity from Rakuten, Inc. This is another landmark investment in FinTech by Rakuten, a leader in internet services and global innovation headquartered in Japan. Rakuten joins Kreditech’s outstanding group of backers, including J.C. Flowers and the World Bank’s International Finance Corporation. Michael Piechalak of the Rakuten FinTech Fund will join the Board as an observer.

Kreditech aims to invest the new funding into further developing its partnersh ...

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