Kreditech, a German online lender who use data to analyse individuals 'creditworthiness' in order to provide them loans have this morning announced a €82.5 million Series C.
The round was led by JC Flowers, a private investment firm focused on investing in financial services, and supported by existing investors Värde Partners, HPE Growth Capital and Blumberg Capital.
Kreditech have confirmed that the bridge loan that Peter Thiel and Amadeus Partners financed the company with at the beginning of the year has now been converted into Series C equity.
At that point they had raised €40 million. With the round now up at €82.5 million, they also revealed that they are in advanced discussions to close the round out at €100 million plus.
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