Home » Company » Kreditech Germany

Kreditech Germany

Kreditech Appoints Oliver Prill as COO

Kreditech, the consumer finance technology Group, appointed Oliver Prill joined as Chief Operating Officer. Oliver Prill (43) has over 15 years experience in the wholesale and retail financial service industry.  Before joining Kreditech he served as an advisor to a number of funds and banks operating in the consumer finance space. He was Chief Executive of Optanus, a boutique focused ... Read More »

Consumer Lender Kreditech Investigates Insider Breach

Kreditech, a consumer finance startup that specializes in lending to “unbanked” consumers with little or no credit rating, is investigating a data breach that came to light after malicious hackers posted thousands of applicants’ personal and financial records online (according to KrebsOnSecurity). A source pointed KrebsOnSecurity to a Web site reachable only via Tor, a software package that directs Internet traffic through a free, ... Read More »

Kreditech: Facebook Friendships May also Determine Creditworthiness

Kreditech, a German payday lender and credit scoring developer, is using data from social media in its assessment of the creditworthiness of borrowers.  According to Kreditech, if a Facebook-friend has repaid a loan too late, this may affect negatively the assessment of a credit applicant who interacts with the defaulting party.  The plausibility of a negative result increases with the ... Read More »

German Based Micro Lender Eyes Small Business Lending – Generates its Own Information

Kreditech, which was launched last year (see our report of November 2012) to provide small loans to consumers is said to be breaking into the small business lending market. At this point in time little is known about the announced B2B offering, except that it will launch internationally early in 2013 and will allow retailers (e.g. banks, leasing companies, e-commerce ... Read More »

BIG Data and Analytics Drives New Microfinance Venture in Germany

User generated data and big data combined is to create a new database on micro-borrowers.  “Scoring as a Service” API announced as a new vision! At the prestigious NOAH Conference for Internet entrepreneurs the audience was told that a German startup called Kreditech is cleaning up the European Payday Industry with a disruptive BIG Data based technology which reduces overdues ... Read More »