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Monedo
Uses machine-learning technologies to provide access to better credit for the underbanked
About Monedo
Monedo, formerly known as Kreditech, was a German fintech company that provided financial services to underbanked consumers. The company's core business was offering consumer loans, particularly microcredit loans, to individuals with limited access to traditional banking services. Monedo operated in several countries, including India, Poland, and Spain.
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The company's business model was centered around a proprietary, fully automated underwriting process. This system utilized machine learning algorithms and alternative data sources to assess the creditworthiness of loan applicants. By analyzing a wide range of data points beyond traditional credit scores, Monedo aimed to provide credit to a larger segment of the population.
In addition to consumer loans, Monedo also offered a digital wallet and a "credit as a service" model. This allowed partner companies to integrate Monedo's credit products as a payment method or funding source. However, the company faced challenges and ultimately filed for bankruptcy in 2020.
At a glance
- Founded
- 2012
- Headquarters
- Hamburg, Germany
- Sector
- Fintech
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed3 investors entered at this stage
Nils Holger Henning
Digital Pioneers
Point Nine
Series A4 investors entered at this stage
Blumberg Capital
Global Founders Capital
HPE Growth
Värde Partners
Series B and later9 investors entered at this stage
Kreos Capital
J.C. Flowers & Co.
Peter Thiel
Amadeus Capital Partners
International Finance Corporation
Rakuten
PayU
Varengold
Runa Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Monedo on X, ranked by likes and reposts, corporate channels excluded.
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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