Kreditech Receives Credit Line of up to $7M from Kreos Capital

Kreditech, a Hamburg, Germany-based big data based consumer loan and scoring technology provider, received a credit line of up to $7m from Kreos Capital IV Growth Debt Fund.

The company intends to use the funds for scaling current markets.

Led by Sebastian Diemer, CEO, Kreditech provides a real-time scoring technology for issuing online, SMS and Facebook microloans in real-time as well as for the establishment of a global Scoring as a Service database that provides scoring data without technical integration or contracts to third parties.

It is currently operating in Poland, Spain, Czech and Russia with launch in Mexico announced for September and in Australia (Q4).

The company employes 65 professionals from 17 nationalities.



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18/12/2012: Kreditech Raises $4M
22/04/2013: Kreditech Receives “Mid-7-Digit” Funding

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