The Kreditech mission is to use technology to offer everyone more financial freedom.
Details about Kreditech
For many consumers, it is almost impossible to get a good overview of their personal finances – and even harder to get a good loan deal. Then there is the difficulty of dealing with personal finances alone and finding the right products. That’s why Hamburg FinTech Kreditech isn’t just, as the name might suggest, about providing loans, but aims to offer broader financial freedom by using smart technological solutions.
To achieve this, Kreditech has tapped a range of specialised, non-standard sources of data and is combining them with machine learning to create a financial AI. The aim is to provide better credit deals and make digital banking services smoother: consumer credit, a digital wallet, and a personal financial manager are just some of what the FinTech offers; Kreditech also runs a credit-as-a-service model which allows partners to integrate credit products as payment options at check-outs in e-commerce environments, for instance. With a wide range of prizes and awards – and a nine-digit stock of financing – behind it, Kreditech is almost certainly Hamburg’s most successful FinTech to date.