Kreditech is a German online lender which offers loans to individuals based on their creditworthiness which is analyzed using their online data instead of using traditional credit rating information.
Kreditech uses this technology to provide banking products (installment loans, microloans, credit cards, electronic wallets) to customers in emerging markets.
Kreditech was founded in 2012 and is headquartered in Hamburg, Germany. The company is led by CEO and Co-Founder Alexander Graubner-Müller.
Kreditech's product offerings include consumer loans, a digital wallet and a personal finance manager designed to help customers manage their credit score and plan their spending.
Kreditech has raised a total of $497.3M in 13 funding rounds. The company received their last funding on May 10, 2017, where they cashed $136.5M from PayU in a "Funding Round" funding. The company is financially backed by world-class investors including J.C. Flowers, Peter Thiel, and the Worldbank’s IFC. Kreditech has also acquired Kontomierz on Jan 14, 2015.
Kreditech also offers a “credit as a service” model, allowing partners to integrate its credit products as payment method or funding source.