Company Information

Get to know Kreditech

Founded in 2012, Kreditech was a Hamburg-based financial technology company that aimed to provide access to credit for the "underbanked" population globally. The company developed its own credit scoring system that used AI and machine learning to analyze up to 20,000 data points from a user's digital footprint to assess creditworthiness. After raising significant venture capital, the company faced financial difficulties and filed for insolvency in September 2020. Key assets, including the brand, technology, and some international subsidiaries, were acquired by the Monedo Group, effectively ending the Kreditech brand's direct operations.

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Financial Payment

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Kreditech

Germany

Founded in

2012 (14 Years)

Founded

Last online: No recent activity

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2017

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.