By Sebastian Diemer, Founder / CEO Kreditech The Kreditech Vision: “The Amazon of Consumer Finance” The Mission: “Take banking to the 21st century” This is what Kreditech is, in a nutshell: A BIG DATA based, fully automated digital bank that serves customers worldwide at an unmatched level of convenience, speed and service delivery. When Alexander and I started Kreditech 24 months ago, we had a vision in mind that has evolved significantly while scaling operations to a 15 million USD revenue (run rate) across 6 geographical markets and 100 employees: Disrupt the scoring industry by shifting from a credit bureau paradigm (stored manually collected data for 16% of the world population) to BIG DATA scoring using online data, hence enabling faster, cheaper and better credit decisions for 100% of the world’s population. As we have scored over a million customers by now, we have come to a simple, yet far reaching understanding of how our scoring technology is able to give value to our customers. As a consequence, we have decided to depart from our “Scoring as a Service” vision and focus our efforts on building our own global digital consumer finance platform – a “digital bank” with no branches and no human operations. A bank that serves 100% of the world population at a whole new level of convenience (instant decisions/payouts, no scans/docs, 24/7 availability from any point on the […]
While we humans are only able to walk on shaky legs at the age of two and most of our pets would still be learning not to chew on the chairs, Kreditech on its second birthday has a whole success story to tell. Standing strong, and always growing more stable, Kreditech went all the way from a two-man-show to a strong growing company with more than 100 employees. That’s what I call progress! This super-human achievement and anniversary begged to be celebrated accordingly, so that the Kreditech-Crew deservedly clinked glasses at Indochine Bar following our motto: Work Hard, Party Harder! It goes without saying that many freaking great things have been happening during these two years. Here’s our success story at a glance: … to be continued :)
We are exhibiting in round about 5 weeks at the CeBIT in the context of this years Code_n Award! We will show some insights into our business model, current markets and products and give you an impression how it is to work for Kreditech. You will find us in Hall 16 booth D30. So, come around a talk to us! The Code_n Award is the annual Young Companies-Competition and mainly a space to show the most innovative and creative business models in Big Data and technology, where 50 finalists have the chance to exhibit. This years slogan is Driving the Data Revolution according to the general “Datability”-topic of this years CeBIT. You can find more about Code_n at http://www.code-n.org/about/.
Germanys leading Business Magazine Wirtschaftswoche covered the second week in a row Kreditech as one of the most discussed startup companies. This week, our CEO Sebastian Diemer took place in a roundtable with Stephan Schambach (Founder of Demandware, managed 2 IPO’s), Peter Conzatti (Expert at Investment Fonds Lupus Alpha) and Martin Reck (Managing Director Deutsche Börse AG). The roundtable took place in Frankfurt (Main), focusing on the discussion about “Neuer Markt” as a new stock segment for young, strong growing companies, which are about to execute an IPO as a new form of capitalization. You find the complete discussion in the current issue of Wirtschaftswoche.
Today we received confirmation about the Kreditech CODE_n award application. As one of three financial startup companies we made it to the finals of next years code_n award! The code_n award is taking place in March 2014 at the CeBIT, the worlds biggest and most important technology trade show in Hanover, Germany. The 50 finalists will presenting their company in Hall 16 and will hold a showcase at the CODE_n event. CODE_n promotes outstanding talents and their groundbreaking business ideas in a unique way. The approach: Foster innovation by combining - the agility and fresh spirit of young entrepreneurs with - the network and experience from leading companies and - the capital from sophisticated investors. As a vital community of digital pioneers, CODE_n gives answers to the most crucial questions in the fields of innovative IT and digital business. Thereby, the initiative targets IT-related areas like mobility, energy, health and finance. CODE_n turns the spotlight on future technologies and services and paves the ways for new trends in the marketplace. Last years winner was MyTaxi, another Hamburg startup. So fingers crossed that we will represent Hamburg in its best possible way again. For keeping up to date about our CODE_n participation check out this blog and our twitter channel at twitter.com/kreditech. You can find more info about CODE_n on their website.
We at Kreditech are more than happy to announce the final confirmation for Australian credit license. From now our office in Sydney is a fully licensed entity in Australia to give out loans as soon as services will be launched. The credit license, which is provided by the governmental Australian Securities & Investments Commission (ASIC), is valid from today on. Kreditech is planning to launch its service in Australia within the next year. Poland, Czech, Russia, Spain and Mexico are already launched and highly successfull. Australia will be marking a complete new milestone for Kreditech as then we will have launched service around the globe (from Mexico to Australia).
Kununun, the leading platform in Germany for employer rating, is a central point for information about many companies. Current and past employees, as well as applicants, can rate every company in many different aspects to give an honest and unbiased impression. All ratings are anonymous and cannot be traced to a specific person. The Fair Company-Badge, on the other side, references the employer;s hiring practices. To receive the Fair Company-badge the particular company has to fulfill certain criteria to be eligible for it. The badge is an initiative by the German career portal karriere.de. Criteria for receiving the “Fair Company”-badge are: Kreditech does not substitute full time positions by internships, trainee-ships or longtime freelancers Kreditech is not offer internships to qualified applicants, who are interested in a full time position Kreditech does not attracting interns by making vague promises for a full time employment Kreditech offers internships for the purpose of professional orientation during educational phase Kreditech pays interns a fair compensation Besides hiring people in an ethical manner, Kreditech is doing a great job providing the best possible surroundings for a strong and positive company spirit. Perks in general play an important role in this . Not only for big sized companies. An important factor in attracting young talent is to provide a healthy, thriving and team building atmosphere – and there are many different waysto improve office life. Scooters, table tennis and XBOX (in our own fun room), company hoodies […]
Todays issue of Germanys biggest weekly newspaper, ZEIT, Kreditech is featured in the business section. To read the article in higher resolution visit http://www.kreditech.com/wp-content/uploads/2013/11/ZEIT_big.jpg
Kreditech will be represented on several events in the next time. We would like to give you a short overview: 2013 Money Of The Future Confercen The Life.SREDA Event in Moscow, Russia, will be held on October 24. The conference will answer the question: How will the players of the financial and banking industry earn tomorrow? Our CTO and Founder, Alexander Graubner-Müller, will attend as speaker and will talk about micro lending and its impact on the future of financial business. http://finovations.ru/?lang=en EBSpreneurship Sebastian Diemer, CEO and Founder of Kreditech, will be on the EBSpreneurship together with our Head of HR, Theresa Johansen. The EBSpreneurship is a high potential recruiting event at the well recommended EBS in Oestrich-Winkel, Germany. Besides representing Kreditech, we are very exited to meet a lot of itneresting people and potential applicants! http://ebspreneurship.de/ TMT.AllThings 2013 Together with Katarzyna Malolepszy (Country Manager Poland), Laurent Schüller will be on October 24 in Warsaw, Poland. The TMT.AllThings conference is one of the leading polish conferences discussing online business is various aspects. Katarzyna Malolepszy is giving an indepth outlook of the internet based financial businesses and current global developement. http://www.tmtevents.eu/index.php We are looking forward to meeting you at one of this opportunities!