Monedo Holding GmbH

Monedo Holding GmbH, formerly known as Kreditech, is on a mission to improve access to credit through technology. The company leverages non-traditional data sources and machine learning to offer better credit access and enhanced digital banking services. Its product portfolio includes consumer loans, a digital wallet, and a personal finance manager aimed at empowering customers to manage their credit score and expenditures. Additionally, Monedo provides a "credit as a service" model, enabling partners to integrate its credit products as a payment method or funding source. Established in 2012 and headquartered in Hamburg, Germany, Monedo, under the leadership of CEO David Chan, has processed an impressive four million loan applications through its subsidiaries. Notably, the company boasts financial backing from prominent investors such as J.C. Flowers, Peter Thiel, and the Worldbank’s IFC. In its most recent funding round in September 2019, Monedo secured a €20.00M Venture Round investment from Amadeus Capital Partners, HPE Growth, and Runa Capital. Positioned at the intersection of the Big Data, Finance, Financial Services, Fintech, Banking, and Machine Learning industries, Monedo Holding GmbH stands out as an innovative and well-supported player in the financial technology sector.