Kreditech

Kreditech appoints David Chan CEO

Kreditech appoints David Chan CEO

Kreditech, a provider of digital consumer lending using machine-learning based underwriting, today announced the appointment of former Barclaycard Consumer Europe CEO David Chan as CEO. Mr. Chan has more than 20 years of experience as a financial services leader, with ...

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PayU invests €110M in Germany’s Kreditech

PayU invests €110M in Germany’s Kreditech

Global online payment service provider PayU has invested €110 million in Kreditech, a technology group for digital consumer credit that employs machine learning-based underwriting. The two companies will also partner to deliver a joint POS finance proposition. Kreditech will provide its Lending ...

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Kreditech names pair to board

Kreditech names pair to board

  German consumer finance company Kreditech has named two people to its advisory board. Michael Lenora brings more than three decades of experience to the role of independent chairman. A former managing director for Vanquis Bank, Mr. Lenora served in ...

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Kreditech unveils new business line

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

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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Peter Thiel among Kreditech Series C backers

Peter Thiel among Kreditech Series C backers

PayPal Co-Founder Peter Thiel is among the backers of German consumer fintech company Kreditech’s Series C round which was announced this week. Mr. Thiel’s initial involvement was as a bridge funder earlier this year, where he was joined by Amadeus ...

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