Germany

Kreditech unveils new business line

German consumer fintech Kreditech has unveiled its new business line. Online Point of Sales (POS) Financing’s first client is payment services provider PayU Global BV, the e-payments division of Naspers Ltd. People using Online Point of Sales Financing can instantly ...

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World Bank Group arm bets big on Kreditech

German fintech Kreditech has attracted €10 million from International Finance Corporation, part of World Bank Group. Led by J.C. Flowers & Co., Peter Thiel and Amadeus Capital, the round also attracted existing shareholders Värde Partners, Blumberg Capital and HPE Growth Capital. The ...

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Friendsurance completes $15.3M round

German fintech Friendsurance has completed a successful $15.3 million funding round led by returning investor Horizons Ventures, the private investment firm for Li Ka-Shing. Friendsurance is a novel concept combining elements of peer-to-peer and money pools in an insurance concept ...

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The Daily Dig for Tuesday, August 19

Where art thou, next Lending Club? The next Lending Club could emerge in the world of private equity investing.  Here are some traits it will need to have in order to be a success, courtesy of Ryan Caldbeck. How to ...

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