Kreditech adds Rakuten as new investor, raises another $10.4M

By Ingrid Lunden

Kreditech — the online lender that builds credit histories based on big data analytics and is backed by the likes of Peter Thiel, Blumberg and the World Bank’s IFC — is today announcing a new strategic investor, and with it, a little more funding. The Hamburg startup has raised $10.4 million (10 million euros) from Rakuten, the e-commerce giant out of Japan. The investment comes out of Rakuten’s fintech startup fund, launched last year. This is one of the biggest investments out of it to-date and the first to be made in Germany.

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