Kreos Makes $7M Investment In Kreditech

By  |  September 15, 2013
 | 

International technology-based company Kreditech, which seeks to use online information to predict the creditworthiness of consumers, has announced $7 million in funding, VentureBeat reported on September 13.

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    Kreditech’s business model is currently focused on using online, SMS and Facebook data to issue microloans. The media outlet notes that it is currently building databases, one country at a time, to see how different consumers pay back loans.

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    The capital was provided by Kreos Capital. For more on the company’s business model and past accolades, click here.  


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