Kreditech, the Germany based fintech company, has raised 112 million from payments service company PayU.
The deal brought PayU a significant minority stake. Existing investors in the Kreditech include JC Flowers, Varde, Blumberg Capital, HPE, Peter Thiel, Rakuten and the World Bank’s IFC.
A press release called the deal the largest equity investment in a German fintech company.
The investment follows a pilot program in Poland between Kreditech and PayU.
May 10, 2017 at 10:26PM
from Mark Boslet
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