Consumer finance technology company, Kreditech, has raised EUR 82.5 million in Series C financing to fuel the company’s growth. The round was led by J.C. Flowers & Co. LLC, a leading private investment firm dedicated to investing in the financial services industry globally. Peter Thiel and Amadeus Capital Partners (Amadeus)

As the founder and CTO of Kreditech, Alexander strongly believes that algorithms and statistical data are the building blocks for the next Industrial Revolution. Kreditech, one of Germany’s most data-driven FinTech companies, is a testament to that belief. Before founding Kreditech alongside Sebastian Diemer, Alexander managed engineering and product development

Data Natives, a first-of-its-kind conference for the data-driven generation, is set to bring together the brightest minds in data science and related technologies for a 2-day event in Berlin November 19-20. What’s on the agenda Data Natives features a packed agenda designed for those looking to push the boundaries of

What’s is Kreditech’s mission statement? Kreditech uses a unique, proprietary big data credit scoring technology based on 20,000 data points per application to provide financial services to the four billion individuals who do not have access to consumer finance. Our vision is to provide “better banking for everyone”. Where are

Press Release: The Kreditech Group, a leading consumer finance technology group, announced today the completion of a USD 200 million credit facility from Victory Park Capital, an asset management firm focused on middle market debt and equity investments based in the United States. The investment reflects investors’ confidence in its

Kreditech, the consumer finance technology group, announced yesterday the 100% acquisition of Polish financial tech outfit Kontomierz for a seven digit amount and Kreditech shares. Founded in 2009, Kontomierz has net revenues of €1 million at positive EBIT, and three-digit annual growth. This is especially impressive considering Kontomierz’s staff is only 16-strong;

2014 Has been a massive year for Big Data, as it transitioned from an emerging and exciting technology to a somewhat overused buzzword for any application of data science. This was reflected earlier in the year by Gartner’s always insightful ‘hype cycle‘, where we saw the term drop off the ‘Peak of

When it comes to this years big data funding stories, the first thing that probably comes to your mind is Intel’s $740 million investment in Cloudera, or MapR’s $110 million financing round led by Google Capital. You’ll also probably recall funding rounds of companies like Hotonworks, MongoDB, and DataStax too.

Follow @DataconomyMedia Hamburg, Germany, 24 June 2014 – The big data finance company Kreditech has closed a Series B round that raised 40 million USD in primary investment from new and existing global investors. This is the largest funding round ever for a German financial services technology company and one