Monedo

Monedo’s mission is to improve financial freedom for the underbanked by the use of technology. Combining non-traditional data sources and machine learning, the Company is aiming to provide access to better credit and a higher convenience for digital banking services. The product offerings include consumer loans, a digital wallet, and a personal finance manager designed to help customers manage their credit score and plan their spending. Monedo also offers a “credit as a service” model, allowing partners to integrate its credit products as payment method or funding source. Founded in 2012 and headquartered in Hamburg, Germany, Monedo has processed four million loan applications through its subsidiaries. The company is led by CEO and Co-Founder Alexander Graubner-Müller and is financially backed by world-class investors including J.C. Flowers, Peter Thiel, and the Worldbank’s IFC.

Formerly known as Kreditech. Old website: https://www.kreditech.com

Filed for insolvency in September 2020. Liquidated in December 2020.