Peter Thiel Backs Loan and Microfinance Startup Kreditech; The Company Raises $110 Million In Its Series C Round

Kreditech is an online finance startup that loans money to consumers who have little or no credit rating. The company is on its way to raising around $110 million in its Series C round. A part of the funds to be raised is already in its kitty, which came from one of the well-known VCs and entrepreneurs in the startup world. Around €37.5 million ($44 million) is being poured in from investors that include one of the co-founders of PayPal, German-born billionaire Peter Thiel, who is previously known to have backed Facebook, Palantir and many others. According to ...

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