Interesting consumer lending model, interesting to see how they will perform versus more mobile data lead models such as inventories in emerging markets
Another startup out of Europe focused on finance has raised a hefty round of funding. Kreditech, a German company building a suite of credit and banking products for consumers who have little or no credit history, has raised €82.5 million ($92 million) to continue adding more products and geographies to its platform. Confirming what we reported when we first broke news of the round in July, investor and PayPal co-founder Peter Thiel is investing in this Series C round, alongside Amadeus Capital Partners and existing investors Värde Partners, HPE Growth Capital and Blumberg Capital. The round was led by U.S.-based private equity firm J.C. Flowers.