Kreditech appoints David Chan as Chief Executive Officer

Kreditech adds senior talent to its leadership ranks and advisory board

Kreditech, Germany – May 3rd, 2018 – Kreditech, the leading group for digital consumer lending using machine-learning based underwriting, today announced the appointment of David Chan as chief executive officer. Chan has more than 20 years of experience as a financial services leader, with deep expertise in running credit card, payments and consumer lending businesses. Alexander Graubner-Müller will stay with Kreditech in his role as founder and Deputy CEO.

Experienced leader to support Kreditech’s expansion plans

Previously, Chan was the chief executive officer of Barclaycard Consumer Europe. Under his leadership the credit card division, spanning seven countries, doubled its profits and Barclaycard became the No. 1 in the U.K.

“I am thrilled to have the opportunity to lead Kreditech in its next phase of growth, and look forward to working with the multi-national team and a seasoned group of shareholders,” says Chan. “Building on the company’s vision to bridge the credit gap for underbanked consumers via the use of technology, we intend to tailor our automated credit product offerings to meet the evolving needs of consumers and partners in rapidly growing economies.”

“Over the last six years we have grown Kreditech from a technology start-up to a successful international consumer finance business – serving hundreds of thousands of international customers,” says Alexander Graubner-Müller, co-founder of Kreditech. “We have ambitious plans to scale our business to become a global leader in this industry. Having the right team and experience in place is crucial for our success. I am thrilled to have found a world-class executive to lead us in the next level of expansion. On behalf of the executives and board, we are excited to welcome David. This year we are extending our product offerings in new major markets such as India. David’s operating experience, strategic vision and consumer credit expertise in international financial services will be invaluable in our next phase of growth.” Graubner-Müller will remain focused on Kreditech in his day-to-day role as founder and deputy CEO.

Management Changes: new CPTO, CFO and Chairman

Alongside with Chan, Kreditech has also been appointing top talent across several other roles in its leadership ranks.

As part of the new executive team,  Mariusz Dabrowski has been appointed Chief Financial Officer and Todd Simmerman Chief Product and Technology Officer. Dabrowski previously served as CFO and financial director at Homecredit, IPF and Provident in India, Spain, and Poland, while Simmerman served as CTO at Paysbuy, the payments processor in Thailand.

In addition, Kreditech announced the appointment of Giles Andrews OBE as chairman of the advisory board. Andrews is a distinguished entrepreneur and co-founder and chairman of Zopa, the world’s first and U.K. leading consumer peer-to-peer lender, and chairman of MarketInvoice, the fintech platform for small business working capital. “I look forward to combining talents with David, Alexander and the Kreditech team on a path of profitable growth and continuing to develop and expand the game-changing partnership opportunities with PayU, among others,” says Andrews.

“I strongly believe in the opportunity ahead of us in consumer credit, particularly in partnership with Kreditech,” adds Mario Shiliashki, Kreditech board member and CEO of PayU EMEA. “I am confident that with the new additions to the leadership team and the board of Kreditech, we will further accelerate our initiatives in Poland, in India and other exciting high-growth markets, fulfilling the promise of transforming consumers’ lives and adding value to our merchant partners.”

 

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About Kreditech

Kreditech’s mission is to offer improved financial services for the underbanked through technology. Combining non-traditional data sources and machine learning, the company provides access to better credit and more convenience for digital banking. The product offerings include a variety of consumer loans, as well as “Lending as a Service”, allowing partners to integrate Kreditech’s credit products via an API into their own platform and services.

Founded in 2012 and headquartered in Hamburg, Germany, Kreditech operates in India, Poland, Russia and Spain. Kreditech is backed by leading international fintech-investors including PayU(the fintech and e-payments division of Naspers), J.C. Flowers, Värde Partners, Blumberg Capital, HPE, World Bank’s IFC, Thiel Capital and Rakuten.

 

Press contact

Julia Bellinghausen

Oseon GmbH & Co.KG

+49 69-25 73 80 22-20

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