Renzenbrink & Partner advised a group of Hamburg-based private investors on their investment in the context of a capital increase of Kreditech alongside the lead investors HPE Growth and Runa Capital
26. September 2019Kreditech is a German FinTech company headquartered in Hamburg that specializes in online lending. The company currently employs more than 300 people in seven countries and is developing regional competence and technology centers in Poland, Romania and Thailand.
Kreditech grants loans to customers in India, Poland, Russia and Spain. The company is best known for its use of an automated end-to-end lending process that combines alternative data sources with artificial intelligence. The company focused on scaling its “near to prime” lending business and increasing profitability. With well-established and growing offices in Poland, Spain and Russia, Kreditech will focus on rapidly scaling its business in India in the short term.
HPE Growth and Runa Capital are also involved in the financing round. These are companies that invest in start-ups and up-and-coming international tech companies. Both companies have a global portfolio of investments, which has now been expanded by the investment in Kreditech. In total, HPE Growth, Runa Capital, the Hamburg-based private investors and other investors have invested EUR 20 million in Kreditech in this financing round.
Dr. Ulf Renzenbrink (Corporate/M&A) advised the Hamburg-based private investors on the corporate law aspects of the transaction.