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 […]


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Kreditech Appoints Senior Global Consumer Bankers to its Advisory Board

  Michael Lenora, former CEO of Vanquis Bank, appointed as Independent Chairman of the Board and Andy Golding, CEO at OneSavings Bank, as Independent Board Member Hamburg, Germany, 7 April 2017 – Consumer finance technology company Kreditech has appointed two new independent Board Members to further strengthen its Advisory Board: Michael Lenora joined as Independent […]


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Kreditech Russia achieves Microfinance Company status

Hamburg/Moscow, March 30 2017 – Kreditech Group’s subsidiary, LLC MFC “Kreditech Rus”, received the status of a Microfinance Company (MFC) on March 27, 2017 from the Central Bank of Russia. A new federal law in Russia aims to make the microfinance market transparent and understandable. It therefore requires the MFC status for all alternative lending […]


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Kreditech raises EUR 10m from Rakuten

  Investment to improve financial freedom for the underbanked and open up new partnership opportunities Hamburg, Germany, 15 December 2016 – Kreditech, the leading consumer finance company, has raised EUR 10m equity from Rakuten, Inc. This is another landmark investment in fintech by Rakuten, a leader in internet services and global innovation headquartered in Japan. […]


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Interview Alexander Graubner-Muller, CEO Kreditech in FinTech Magazine

  FinTech Magazine: “On the 8th of December the first edition of the FinTech magazine was launched. The FinTech Magazine is published as a special supplement to het Financieele Dagblad on 8 December 2016, bringing the latest news, trends, inspiring stories and company profiles of the hottest FinTech ventures.” (Dec 8, 2016, http://www.fintech.nl/fintech-magazine) Click to […]


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Kreditech launches online POS financing

The consumer finance technology company Kreditech has announced its new business line, Online Point-of-Sales (POS) Financing, with its first client, PayU Global BV. PayU Global BV, a leading payment services provider and the e-payments division of Naspers Ltd., deploys Kreditech’s B2B2C solution. In the freshly launched beta phase with a selected merchant, PayU provides Kreditech`s […]


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