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kreditech.com

Founded Year

2012

Stage

Series D - II | Alive

Total Raised

$534.24M

Valuation

$0000 

Last Raised

$7.97M | 3 yrs ago

About Kreditech

Kreditech offers loans to individuals based on creditworthiness which is analyzed using online data instead of using traditional credit rating information. The 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 also offers a Lending as a Service model, allowing partners to integrate Kreditech's credit products via an API into their own platform and services.

Kreditech Headquarters Location

Ludwig-Erhard-Straße 1

Hamburg, 20459,

Germany

+49-40-605-905-60

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Research containing Kreditech

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Kreditech in 1 CB Insights research brief, most recently on Sep 22, 2020.

Expert Collections containing Kreditech

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Kreditech is included in 4 Expert Collections, including Fintech 250.

F

Fintech 250

248 items

D

Digital Lending

1,603 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.

S

SMB Fintech

1,145 items

F

Fintech

4,779 items

Track and capture company information and workflow.

Latest Kreditech News

Après une relance ratée, la fintech allemande Monedo, spécialiste du microcrédit, fait faillite

Sep 18, 2020

La fintech allemande Monedo, autrefois soutenue par Peter Thiel, cofondateur de Paypal, et connue à l'origine sous le nom de Kreditech, a annoncé le 14 septembre avoir déposé le bilan. A lire aussi Le milieu fintech allemand est en pleine tourmente. Après le fiasco de Wirecard , une autre start-up baisse le rideau de l’autre côté du Rhin. Il s’agit de Monedo, qui était en profonde difficulté depuis le début de la pandémie de Covid-19. La start-up, créée en 2012 sous le nom de Kreditech, vient de déposer le bilan. Elle a déposé une demande d'insolvabilité devant un tribunal allemand la semaine dernière. Le cabinet d'avocats Brinkmann & Partner a été désigné pour gérer la procédure. Analyse des données en ligne Spécialisée dans le microcrédit, Monedo a connu des années de succès. Sa solution s’appuyait sur des technologies d’apprentissage automatique afin d’analyser les besoins d’emprunt et les capacités de remboursement des consommateurs à partir de leurs données en ligne. Cette méthode d'évaluation passait par l'analyse de 20 000 sources de données, des réseaux sociaux aux données de navigation et d'achat. Monedo proposait alors quasi en temps réel un processus de souscription entièrement automatisé et personnalisé afin de formuler des facilités de crédit 24h/24 et 7 jours/7. En 2017, sa valorisation dépasse les 230 millions d'euros avant de plonger l’année suivante du fait de défauts de paiement en Russie et en Inde . La start-up basée à Hambourg revoit alors son positionnement et sa gouvernance avec la nomination de David Chan, passé par Citygroup et Barclays, comme directeur général et l’arrivée de Mariusz Dabrowski en tant que directeur financier. Celui-ci a démissionné en juin dernier. 519 millions de dollars levés Censée être relancée en mars 2020, la jeune société a été frappée de plein fouet par l’épidémie de Covid-19. Elle a également souffert des nouvelles réglementations adoptées par certains pays européens, comme l’Espagne et la Pologne – ses deux plus grands marchés – et qui permettent aux souscripteurs de différer le remboursement de leurs emprunts. A noter que la fintech ne pouvait pas opérer sur son marché domestique. Son offre de microcrédit repose sur l’accès aux données publiques en ligne de ses futurs clients, une pratique illégale en Allemagne . Monedo revendiquait plus de deux millions de prêts accordés à environ un million de clients. Elle aura levé plus de 519 millions de dollars depuis sa création, et employait encore récemment 350 collaborateurs.

Kreditech Web Traffic

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Kreditech Rank

  • When was Kreditech founded?

    Kreditech was founded in 2012.

  • Where is Kreditech's headquarters?

    Kreditech's headquarters is located at Ludwig-Erhard-Straße 1, Hamburg.

  • What is Kreditech's latest funding round?

    Kreditech's latest funding round is Series D - II.

  • How much did Kreditech raise?

    Kreditech raised a total of $534.24M.

  • Who are the investors of Kreditech?

    Investors of Kreditech include HPE Growth Capital, Amadeus Capital Partners, Runa Capital, WVM, Varengold Bank and 17 more.

  • Who are Kreditech's competitors?

    Competitors of Kreditech include Avant and 7 more.

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