Company Information

Get to know Monedo

Originally founded as Kreditech in 2012, the Hamburg-based company was a pioneer in using machine-learning algorithms to assess the creditworthiness of individuals, particularly those with little to no conventional credit history. It raised significant venture capital and expanded its services, offering installment loans, lines of credit, and point-of-sale financing in several countries. In 2020, the company rebranded to Monedo to unify its global offerings. However, facing significant financial challenges, reportedly exacerbated by the COVID-19 pandemic, Monedo Germany GmbH filed for insolvency in September 2020 and subsequently ceased its business operations.

Industry

Financial Other ServicePRIMARY
Financial Banking

Contact

Social

THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

Monedo

Germany

Founded in

01 2월 2012 (14 Years)

Founded

Last online: No recent activity

Claim company Visit website

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

OVERALL SCORE

Others

--/10

Reviews

--/90

0 reviews

Provided by TrustFinance

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

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.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.