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January 27, 2014 11:39 pm GMT

Big Data-Driven Credit And Loans Startup Kreditech Raises $15M In Debt To Expand

cash-reserves1Established retail banks around the world have bit of a problem. There are a whole bunch of new banking players that want to disrupt parts of their business, such as Wonga, Lenddo, Kueski and many others. It's like being eaten by Piranhas. Now Kreditech is poised to be one of those players to really capitalise on this historic shift. Claiming to want to become "The Amazon for Consumer Finance", the founders are Sebastian Diemer, Alexander Graubner-Mller and Felix Haas - the former Amiando founder.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mWaA88Z_Tik/

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