Funding Received
$63 Million in 7 Rounds from 13 Investors
Most Recent Funding
$40 Million Series B on June 24, 2014
Founded:
February, 2012
Headquarters:
Hamburg
Description:
Kreditech applies big data to score the creditworthiness of customers to provide better, faster, more sustainable online financing services
Founders:
Alexander Graubner-Müller, Sebastian Diemer
Categories:
Finance, SaaS, Banking, Big Data, Analytics
Website:
http://www.kreditech.com

Detailed Description

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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)

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Board Members and Advisors (1)

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Investors (13)

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Offices/Locations (9)

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  • Kredito24.mx Office

    Durango City,

    MEX

  • K24.com.au Office

    Sydney,

    AUS

  • Zaimo.cz Office

    Prague,

    CZE

  • Zaimo.pl Office

    Warsaw,

    POL

  • Zaimo.es Office

    Barcelona,

    ESP

  • Headquarter

    Am Sandtorkai 50

    Hamburg, 20457

    DEU

  • Kredito24.pl Office

    Warsaw,

    POL

  • Kredito24.es Office

    Barcelona,

    ESP

Competitors (6)

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  • 3a728d4f7bcf503a5381557ebbf7eec1

    LoanNow

    Next Generation Lender
  • 6ba22d070a1c9c9e36a0df1491f7cb4f

    Platiza

    Online short-term loans
  • Ce2c787b5235e97cca3c7a7d85ec8bae

    Wonga

    Wonga is an online payday lender that offers short-term personal cash loans to UK consumers.
  • 5e18ad47a8d844cbfbdefc49aa5c9467

    ZestFinance

    ZestFinance develops big data underwriting technologies to give lenders a better understanding of...
  • A73f853c4dd18f1f159cfd6452e996c3

    LendUp

    LendUp's first product is a socially responsible alternative to payday loans.
  • 88ce535f521189dbfd64dff5f3dc6a20

    Lenddo

    Lenddo is an online platform helping members use their social connections to build...

Images (8)

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  • 8b78a64888045495d59ad6543333e1b9
  • 61608552313b8aacd77708047fab7a6f