Germany-based online lending platform Kreditech has raised €10m ($10.5m) in equity funding from e-commerce firm Rakuten to build more partnerships for its business.
Founded in 2012, Kreditech offers credit to consumers with little or no credit history, providing consumer loans, a digital wallet and an online personal finance manager to help customers manage their credit score and spending.
Kreditech launched its lending-as-a-service business in the spring of this year to offer loans to consumers who lack access to traditional banking. Partners…
