BIG DATA CONSUMER LENDING

Kreditech is a BIG DATA infrastructure that allows for credit bureau independent acquisition, identification, scoring and retention management in consumer lending.

We provide breakthrough customer service levels in online / mobile consumer lending. Paperless convenient application, real time scoring & payouts, data driven product recommendations and innovative credit cards are just the beginning for our mission to set a new service level in consumer lending.

5 billion

UNSCORED PEOPLE
WORLDWIDE

1

SOLUTION: BIG DATA
BASED SCORING

0

CREDIT BUREAUS
INVOLVED

THE KREDITECHNOLOGY

Kreditech works likes a big mosaic - Any online data that can be found about an individual will be used for fraud detection, identification, scoring. A decision /payout is made within seconds 100% automatically - no manual actions occure in the workflow.
This generates customer value as unbanked individuals with no credit bureau history can get credit in 10 min conveniently. Variable cost is 0 at unlimited scale thanks to fully automatized processes.

15,000

DATA POINTS
PER APPLICATION MAX.

24 / 7

OPERATING

0

CHANCE FOR
FRAUDSTERS :)

E-COMMERCE PC SOCIAL GRAPH BROWSING
BEHAVIOUR
MOBILE HARDWARE APPS FINGERPRINT CHARGEBACKS PAYMENTS SOLD GOODS PURCHASED PRODUCTS LOCATIONS COOKIES PROXY CHECK FINGERPRINT GPS APPS DEVICE SOCIAL FINGERPRINT INTERACTION FRIENDS LIKES

GLOBAL DIGITAL BANKING

Kreditech builds a broad database and country independent learnings by aggressively expanding 100% automated consumer loans in emerging markets with little to no credit bureau data availability.

8 sec

AVERAGE PROCESSING
TIME PER APPLICATION

<6 min

AVERAGE UNTIL
MONEY IS IN BANK ACCOUNT

<10%

DEFAULTS

Kredito24.pl Kredito24.cz Zaimo.ru Headquarters Kredito24.es Kredito24.mx K24.com.au Kredito24.com.br Kredito24.ph Kredito24.pe Kredito24.do Kredito24.ro

THE BEST DRIVERS...

...are nothing without a great team of financial backers. Because starting from pole and being overtaken by someone with a faster car is no fun. So we got some fuel. Lots of fuel. In fact, it's not only fuel but every single investor adds a strategic benefit to setting a new global standard in scoring / microlending.

200 - 300%

Return on Customer Acquisition in 12 months

>$75,000,000

Lending Run Rate (05/2014)

 >$25,000,000

Raised Venture Equity & Debt

Stefan Glaenzer Michael Brehm Young Brains Felix Haas Point9 Capital Kreos Capital Heiko Hubertz Blumberg Capital Samwer Brothers / Global Founders Capital

THE
KREDITECH
FAMILY

Though we are based on automatized processes and are proud to be one of the leading technology companies, we wouldn't be anything without a great team and our unique working atmosphere.

1
TABLE TENNIS
>30
NATIONALITIES
>140
FULL-TIME
EMPLOYEES
60
NERF GUNS
1
SUPER FANCY DANCY
HAFENCITY OFFICE
1
SELF LEARNING
COFFEE MACHINE

What Kreditech is

Kreditech uses big data and complex machine-learning algorithms to serve a simple mission: make faster, better, more sustainable credit decisions. The technology is fully automated and identifies and scores individuals online in seconds – based on up to 15,000 different data points. Via its consumer platforms Kredito24 and Zaimo, the customer completes the application process paperless in seconds. Customers apply online, mobile or via SMS and receive the funds into their bank account, credit card or at an ATM in under 15 minutes. Customers can apply for short or long-term loans and other financial products in seven countries worldwide.

Who Kreditech is

Founded in February 2012 by Sebastian Diemer (CEO) and Alexander Graubner-Müller (CTO), Kreditech is profitable in five of its markets. Investors have recently valued the company at USD 190m. A team of 140 passionate employees from 36 nations is working on the future in digital banking from Kreditech’s headquarters in Hamburg, Germany.

Jobs at Kreditech

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