Kreditech secures €20m funding round

Also participating were an unnamed German private investor, and previous investors HPE Growth and Amadeus Capital Partners, along with unnamed angel investors from the financial technology sector.

Previous funding
In September 2015, JC Flowers invested €82.5m in a funding round for the company, with participation from Peter Thiel, Amadeus Capital, Värde Partners, Blumberg Capital and HPE Growth Capital.

In March 2016, World Bank's International Finance Corporation provided an additional €10m for Kreditech's series-C, bringing the total raised to €92.7m.

Company
Founded in 2012 and headquartered in Hamburg, Kreditech has developed technology that scores in real time information such as location data, social media data, behavioural analytics, e-commerce shopping behaviour and device data. It currently has operations in Poland, Spain and Russia, and serves one million customers. It aims to reach €1bn in revenues by 2025, which will be driven by growth in existing markets, as well as expansion into new geographies. Kreditech generates turnover of $41.3m and has 200 employees.

People
Kreditech – David Chan (CEO).

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• Topics
• Expansion
• DACH
• Technology
• Germany
• JC Flowers
• Amadeus Capital Partners Ltd