Kreditech unveils new business line

By Tony Zerucha

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 finance online purchases at rates similar to banks up to €5,000 over a maximum 36 months. The paperless process employs proprietary scoring technology.

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