Everything Alexander Graubner-Müller said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Kreditech's Highest-Risk One-Month Loans Carry 30% Interest
“So, so on, on the upper end of the spectrum sort of like the loans that we underwrite are maximum like one month loans and those cost around 30% cost of credit.”
Kreditech Assumes Low Double-Digit Default Rates on Loan Originations
“That's information that we usually don't share, but I mean, it's in the, I see it's in the low low double digits.”
CEO Argues the Highest Cost of Credit Is Having No Access
“We think actually the highest cost of credit is actually not having any access to credit because Even, I mean, even, I mean, for some people, even if initially there's only, I mean, that type of credit option available, I mean, it's still, I mean, a significan…”
Kreditech Uses Alternative Data and Machine Learning for Underwriting
“We have developed our own technology for doing the credit rating. And that technology very heavily uses alternative data and machine learning to build a credit rating also in the absence of credit bureau data.”
Kreditech Scores Underbanked Borrowers Excluded by Traditional Banks
“With our technology, we are for the first time ever actually able to provide a credit rating For those customers and actually enabling to do credit business with them.”
Kreditech Takes Direct Credit Risk and Monetizes via Interest
“No, we're actually a lending company, so it means we like to I mean, take credit risk ourselves, and I mean, the way how we make make money is, I mean, the same way how every bank does money by charging an interest on the loans that we are that we are originat…”
Kreditech Generated Over $40 Million in Revenue in 2015
“We made last year around 40, a bit more than forty million in revenue.”
Half of Unvetted Loan Applicants Would Default, Graubner-Müller Claims
“If you would give a hundred percent of people who apply for a loan a loan, I mean, about half of those people would not repay.”
Kreditech Originated Over 1 Million Loans With $60M Outstanding Book
“Since the start of the company in 2012, we have originated a bit more than a million loans by now, and we have a total outstanding book of around sixty million at this point.”
Kreditech Originated Over $100 Million in Loans in 2015
“Last year when we, for the first time, actually broke the hundred million origination for the entire year, 2015, I mean, that was clearly, I mean, a very, very important milestone for us.”
Kreditech Has Raised $120 Million in Equity Capital
“We have raised around a hundred twenty million in equity capital to date.”
Peter Thiel and the World Bank Invested in Kreditech
“We have and IFC and the World Bank invested. We have Jesse Flowers invested. We have Peter Thiel invested.”
Kreditech's Core Product Is Unrestricted, Unsecured Consumer Loans
“The average credit product that we offer is, is an unsecured loan, so we are not really interested, I mean, for which purpose, I mean, it is used.”
Kreditech Consumer Loans Average Around 10 Months in Duration
“Most of our loans are, comparably short in maturity, so the average duration is around 10 months.”
Kreditech Offers Installment Loans With Rates as Low as 12%
“And then we go all the way down to our basically personal personal installment loan segment where we go as low as 12% per year.”
Kreditech Holds $30 Million in Debt Capital
“So we have about thirty million in debt capital.”
Kreditech Is Not Subject to Specific Bank Capital Requirements
“So we're not a bank.
We're not subject to any specific capital requirements.”
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