German online lender Kreditech looking to ramp-up in India

News

08 October 2019

A German based online lender Kreditech announced its global strategy, with India as key market where it plans to expand rapidly. The company ambition is to achieve a total global EUR 1 bn revenue by 2025. With Indian consumer lending segment poised to reach nearly EUR 1 trillion over the next five years, the country will play a vital role in the international expansion of Kreditech. The company plans to grab its share in the dynamic Indian market building on the experience from rapidly developing European markets, such as Poland, Russia and Spain, combined with solid local know-how.

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