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!
As of last Monday, Kreditech has now also successfully launched its microlending services in Mexico. Mexico is the fifth country on the list of countries that Kreditech offers microlending services in. Thus far we have been offering microlending services in Poland, Czech Republic, Russia, and Spain. Pedro Ernesto Vera, Kreditech Country Manager of Mexico stated, “We are very excited to be offering our services in a new country outside of Europe. We firmly believe that there is great potential in the consumer loans market in Mexico.” After several months of preparation, Kredito24.mx now provides micro loan services to over 110 million prospective customers. This recent launch is the fourth launch into a new market within just one year.
We are very excited to introduce to you our new Chief Financial Office, Rene Griemens. From October 1 on Rene is taking over main tasks in developing new strategies for refinancing the loan portfolio and to broadening the investor base globally. Rene brings over 20 years of experience in Corporate Finance and Strategy, worked previously for top companies like Citibank, McKinsey and dooyoo.com. At his time at Citibank and McKinsey he focused on debt capital markets, credit / ratings and the banking business. Rene worked lately for IEG – Investment Banking and is now taking care of the strategic financial businesses of Kreditech.
Kreditech will be on the EUROFORUM-Conference about Strategic IT Management in Munich next year. Presented by German business press publisher Handelsblatt, our two founders Sebastian Diemer (CEO) and Alexander Graubner-Müller (CTO) will speak about the topic “From Credit Office to Big Data – A New Paradigm in Credit Scoring”. Main aspects will be the structural disadvantages of credit bureau based scoring, why 5 billion people are not scored yet, Big Data as enabler für faster, better, more sustainable credit decisions, presentation of applied technologies and data and case study about Kreditech. Handelsblatt is holding this panel for the 20th time now. Besides Kreditech, companies like Mercedes-AMG, Deutsche Telekom AG, Capgemini, IBM and Otto-Group will be presenting at the EUROFORUM. The event will take place on 29. and 31. January 2014 at the Sofitel Munich Bayerpost. More information about this you will find at http://www.it-jahrestagung.de/.
Some time ago the concept of “fast money” was quite blurred in Russia. The average citizen of Moscow region when asked what payday lending is, would definitely mention on the first place illegal advertisements in the underground and bus stops promising “fast money” without any documents or guarantees. But what in reality do these companies offer? They target immigrants and financially desperate people to provide them with some money but in reality they act not as financial institution on the first place, but as debt collectors without any quality scoring and in some cases even credit bureau check. Assuming this half-legal image, no person having a proper job and social status would ever take money from such compa In a young country like Russia without any clear MFI regulatory field (for instance, there is no law on debt collection even at the moment yet) such business models could live but as long as the market of financial services has been developing, payday lending started to grow intensively becoming more and more popular. According the recent study by rating agency Expert RA the total portfolio of issued loans by microfinancial organizations (legal status of payday lenders, but also includes 2B borrowers) has surpassed €1 bn in the end of 2012 showing 30% annual growth, while during 2011 the growth was just slightly less and equaled 25%. Around 40-50% of these figure are consumer loans. The […]