Kreditech
1. Category : Banking, Big Data, Finance, Financial Services, FinTech
2. Domain : Machine Learning
3. Founders : Alexander Müller, Sebastian Diemer
4. Established : Feb 1, 2012
5. Number of Employees : 251-500
6. Operating Status : Active
7. Funding status : Not Disclosed
8. Website : www.kreditech.com
9. Country : Hamburg, Germany
10. Latest in News: Meet Subhash, our Chief Risk Officer in 2019
Kreditech offers loans to individuals; a German online lender based on their creditworthiness it analyses using their online data instead of using traditional credit rating information and is aiming to provide access to better credit and a higher convenience for digital banking services.
Kreditech provides services related to consumer loans; a digital wallet and a personal finance manager designed to help customers manage their credit score and plan their spending and also offers a “Lending as a Service” model.
Kreditech covers more than 5 markets worldwide, in Poland, Spain, Russia, Romania, and India. The company currently employs 500 people, with the headquarters in Hamburg, Germany and currently runs its operations via multiple online lending platforms such as Kredito.
Kreditech mainly focuses on 3 products, Monedo Now Markets, Kredito24 Markets, Lending-as-a-Service Markets.
Monedo Now Markets: International online direct lender and Point-of-Sale (POS) financing provider Kreditech today announced it is rebranding its name to Monedo and are rebrand and improved financial position follows 24 months of strategic refocus at Monedo .It provides installment loans are tailored to each customer’s needs and financial situation. It is a leading technology-enabled consumer-lending companies; a fintech platform of choice for both individuals and POS and e-commerce partners.
Kredito24 Markets: Accessible microloans that are processed in a few clicks. It’s our way of serving those who need money for unexpected events or purchases. Customers can take up to 750 €, for a maximum period of 30 days.
LaaS : Lending-as-a-service offering is a modernized take on the checkout process. Our e-commerce solutions are a win-win for all: partners benefit from higher conversion rates, and customers finance their purchases in minutes. LaaS is an e-commerce loans play nicely with partner platforms and ensure a smooth experience for customers.
Kreditech “Lending as a Service” model, allowing partners to integrate Kreditech’s credit products via an API into their own platform and services.
