Kreditech, a Hamburg, Germany based real-time scoring technology provider, has raised an additional amount of funding.
Backers included Blumberg Capital, the management of a German investment bank, as well as Point Nine Capital. They joined Michael Brehm (founder studivz), Heiko Hubertz (founder Bigpoint), Felix Haas (founder amiando), Stefan Glaenzer, Greycorp, YoungBrains, Digital Pioneers N.V., and H2 Investments GmbH, who invested in the company earlier in 2012.
Led by CEO Sebastian Diemer and and CTO Alexander Graubner-Müller, Kreditech provides real-time scoring technology that applies big data analysis to thousands of data points in credit applications over individuals. The technology is currently applied in B2C markets for issuing real-time online/SMS/Facebook microloans in services such as www.kredito24.pl and www.kredito24.es.
The company, which has now raised $4m, intends to use the funding for scaling B2C business in Poland and expanding to other European markets. Kreditech aims to break-even in the first quarter of 2013 and launch its B2B Scoring as a Service product – that will provide banks, leasing companies, e-commerce stores with scoring data without technical integration or contractual obligations to third parties – in 2014.
The company also operates offices in Warsaw, Barcelona and Kharkov and employs 13 professionals from 8 nationalities.