Target Information

Kreditech, a pioneering consumer finance startup based in Germany, focuses on providing credit solutions to underserved individuals who lack traditional banking facilities and have little or no credit history. The company utilizes advanced big-data analytics to assess the creditworthiness of these 'unbanked' consumers, offering them opportunities for finance that were previously inaccessible. Recently, Kreditech secured a significant $200 million credit line from Victory Park Capital, marking one of the largest funding rounds in the history of online lending services.

This new credit facility will enable Kreditech to expand its financial product offerings, improve its technological infrastructure, and ultimately extend its services to a larger segment of consumers in need of financial support. This move aligns with the company's goal to democratize access to personal finance and improve financial inclusion for clients typically ignored by traditional banking institutions.

Industry Overview

The fintech landscape in Germany has witnessed substantial growth in recent years, particularly as investors increasingly turn their attention to innovative solutions for traditional finance challenges. In 2014 alone, the fintech sector in Germany attracted over $175 millio