- Successful launch of Kredito24 in Spain as first fully automatized loan platform
– Czech and Russia as next markets to be launched in 2013
– B2B product ‘Scoring as a Service’ reaches starting point of a beta-phase
Hamburg, 23/01/2013 – Hamburg-based tech-startup Kreditech (www.kreditech.com) is pushing ahead internationalization of their services in online scoring and their B2B-product ‘Scoring as a Service’. After a successful launch on the Polish market in summer 2012, Kredito24.es has been put live. Meanwhile the preparation of launching in other countries is reaching its peak level. Internationalization team of Kreditech is set up in a way that all markets are controlled efficiently and centrally from the heart of Hamburg. According to Kreditech’s CEO, Sebastian Diemer, break-even shall be reached this March, thanks to the fact that default rates have been stabilized at a low level and marketing costs have been optimized. New customers are generated for costs under 5 Euros, whereas the Industry average is in a three-digit area. Kreditech has concluded a financing round (Series A) in December 2012 worth a mid million value and has won prominent investors like Blumberg Capital.
Technology leadership in Spain
“In Spain we are the first provider who can score and pay out loans in an automatized and scalable way. At the same time we are able to test whether our country-independent Scoring model can be successfully transferred to new markets without any major adjustment after the previous successful establishment on the Polish market“, says Javier Pimentel Calderon, Head of Internationalization at Kreditech. The proliferation of smartphones has led to the implementation of special apps. Hence, recurring customers will be able to apply for loans via SMS in Spain like they can in Poland.
Market entry […]