||Kreditech Groupâ€™s mission is to improve financial freedom for the underbanked with the use of technology. Combining non-traditional data sources and machine learning, the company is aiming to provide access to better credit and a higher convenience for digital banking services. The product offerings include consumer loans, a digital wallet and a personal finance manager designed to help customers manage their credit score and plan their spending. Kreditech also offers a â€œLending as a Serviceâ€ model, allowing partners to integrate Kreditechâ€™s credit products via an API into their own platform and services.
Founded in 2012 and headquartered in Hamburg, Germany, Kreditech covers more than 5 markets worldwide, amongst others Russia, Mexico, Spain and Poland. Up until now, the company has processed more than four million loan applications through its subsidiaries. Kreditechâ€™s team of more than 350 people is led by CEO and Co-Founder Alexander Graubner-MÃ¼ller and is financially backed by world-class investors including PayU, J.C. Flowers, Peter Thiel, and the World Bankâ€™s IFC.