Today, Kreditech nabbed $7 million in additional funding from Europe’s largest growth debt provider, Kreos Capital. The company also announced plans to expand to Mexico and Australia.
On Deck says it opened its round to further investment so it can build more products, and hire technical talent. But the company will also benefit from its association with Thiel, a major player in Silicon Valley, and a notoriously founder-friendly investor.
Los Angeles is turning into a surprising hub for financial technology startups. We profile four of the area’s interesting “fintech” companies.
Launching today, the San Francisco-based startup is using technology to experiment with lower interest rates, and ensure that loans are a way to help people move up the ladder. Unlike other small-dollar lenders, there are no hidden fees or rollovers, and loan decisions are instant.