Kreditech

“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.”

“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.”

“We made last year around 40, a bit more than forty million in revenue.”

“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.”

“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.”

“So we have about thirty million in debt capital.”

“We have raised around a hundred twenty million in equity capital to date.”

“We have and IFC and the World Bank invested. We have Jesse Flowers invested. We have Peter Thiel invested.”

“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.”

“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.”

“Most of our loans are, comparably short in maturity, so the average duration is around 10 months.”

“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.”

“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…”

“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.”

“So we're not a bank. We're not subject to any specific capital requirements.”

“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…”

“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.”