- Funding Received
- $63 Million in 7 Rounds from 14 Investors
- Most Recent Funding
- $40 Million Series B on June 24, 2014
- Kreditech applies big data to score the creditworthiness of customers to provide better, faster, more sustainable online financing services
- Alexander Graubner-Müller, Sebastian Diemer
- Finance, SaaS, Banking, Big Data, Analytics
Kreditech uses big data and complex machine-learning algorithms to serve a simple mission: make faster, better, more sustainable credit decisions. The technology is fully automated and identifies and scores individuals online in seconds – based on up to 15,000 different data points. Via its consumer platforms Kredito24 and Zaimo, the customer completes the application process paperless in seconds. Customers apply online, mobile or via SMS and receive the funds into their bank account, credit card or at an ATM in under 15 minutes. Customers can apply for short or long-term loans and other financial products in seven countries worldwide. Founded in February 2012 by Sebastian Diemer (CEO) and Alexander Graubner-Müller (CTO), Kreditech is profitable in five of its markets. Investors have recently valued the company at USD 190m. A team of 140 passionate employees from 36 nations is working on the future in digital banking from Kreditech’s headquarters in Hamburg, Germany.
Current Team (10)Update
Funding Rounds (7) - $63MUpdate
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