Kreditech
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Kreditech raises €110M from Naspers’ PayU in strategic financing partnership
Kreditech, the German startup backed by Peter Thiel, Rakuten and the IFC that creates credit ratings and provides finance to people who may not otherwise have credit histories, has raised another round of funding from one of its strategic partners. PayU, the payments company owned by Naspers that is known by some as the “PayPal of emerging markets” — its business is mainly… Read More
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Crunch Network
What’s next for personal financial services?
Already there has been a huge amount invested in fintech in 2016, with investors funding close to $9 billion in January and February alone. It is a sector of innovation that shows no signs of slowing down. If 2015 was the year of the great “Bank Unbundling,” it was also a year that saw the emergence of a new landscape of financial influencers taking a seat at the table. Read More
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Online lender Kreditech closes out Series C at $103M after getting $11M from the IFC
Kreditech — the German startup that offers loans and other financial services to consumers who have little or no credit history by using some 20,000 data points online to assess their suitability — has added another $11 million (€10 million) to its Series C round of funding. This brings the total raised by Kreditech in this round to $103 million, after first announcing $92… Read More
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Kreditech Nabs $92M To Build Financial Services For The ‘Underbanked’
Another startup out of Europe focused on finance has raised a hefty round of funding. Kreditech, a German company building a suite of credit and banking products for consumers who have little or no credit history, has raised €82.5 million ($92 million) to continue adding more products and geographies to its platform. Read More
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Sources: Peter Thiel Is Investing In Kreditech’s $100M Series C Round
While Greece and its creditors continue to play a game of chicken, a startup out of Germany putting a big data spin on the business of loaning money is raising a large round of funding. TechCrunch has learned that Kreditech, an online finance startup that loans money to consumers who have little or no credit rating, is raising around $110 million in a Series C round of funding. One… Read More
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Kreditech Gets $200M Credit Line To Fuel Its Big-Data Based Consumer Lending Business
Kreditech, the consumer finance startup that focuses on lending money to “unbanked” consumers with little or no credit rating, is today announcing a hefty line of funding that it will use to expand its business. It is getting a $200 million credit line from Victory Park Capital, one of the largest in the history of online lending services. Kreditech is not disclosing its… Read More
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Credit Rating Startup Kreditech Raises A $40M Series B Round
Kreditech, the credit rating service for enterprise which offer micro-loans to costumers based on social and commerce data, has closed a $40 million Series B funding round, the largest ever for a German financial services technology company and one of the largest rounds in Germany in 2014. The lead investor is Värde Partners, a PE fund, which was joined by existing shareholder Blumberg… Read More
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Credit Scorer Kreditech Raises ‘Around $3.5M’ From Samwers And Others
Last month Oliver and Marc Samwer — founders of the Rocket Internet startup incubator — launched Global Founders Capital, a new €150 million ($194 million) fund aimed at any and all startups worldwide. This month one of the first startups to benefit from that will be credit scoring startup Kreditech which has raised an undisclosed amount said to be “low to mid 7 digits”. Read More
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Kreditech, The Big Data-Driven Credit Scoring Service, Raises Further $4M From Blumberg Capital, Others
Explicitly or implicitly, users are generating an insurmountable amount of data online, hence the plethora of startups touting their BIG DATA credentials by building applications or services that create utility out of these mass data points. Kreditech, which describes itself as a ‘Scoring as a Service’, is one such startup, with technology that claims to process over 8,000… Read More
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