Kreditech is building the consumer-focused finance company for the 21st century. With its proprietary big-data scoring and underwriting technology, the Hamburg-based startup has built the foundation for personal finance products in emerging consumer finance markets. Customers can apply for short-term and long-term loans from 50 to 2,500 Euros, credit cards, and other finance products in just a few minutes online or mobile. The creditworthiness of a user is determined in less than a minute on the basis of up to 8,000 data points and the loan is paid out automatically within minutes to the customer’s bank account, credit card or e-wallets.
Kreditech currently offers its services in Poland, Spain, Russia, the Czech Republic, and Mexico. All national platforms are operated by the international team, which currently consists of over 75 employees from 25 countries, from its headquarters in Hamburg.