Hamburg, 10 March 2020
International online direct lender and Point-of-Sale (POS) financing provider Kreditech announced it is rebranding its name to Monedo, as it looks to further grow its position in the Indian, Polish, Russian and Spanish near-prime lending markets.
David Chan, Chief Executive of Monedo, said: "Over the past two years we have been working tirelessly to put the new strategy in place. The name change marks the next stage in the fundamental transformation we have been undergoing, as the company moves from a start-up to scale-up fintech. Throughout 2019 we have been focused on successfully transitioning the company back to growth by focusing on improving operational efficiency, risk- and cost-management capabilities, and strengthening our products and services. This focus, combined with solid support from our investors, means we are perfectly positioned to achieve our goals."
read more (kreditech)
International online direct lender and Point-of-Sale (POS) financing provider Kreditech announced it is rebranding its name to Monedo, as it looks to further grow its position in the Indian, Polish, Russian and Spanish near-prime lending markets.
David Chan, Chief Executive of Monedo, said: "Over the past two years we have been working tirelessly to put the new strategy in place. The name change marks the next stage in the fundamental transformation we have been undergoing, as the company moves from a start-up to scale-up fintech. Throughout 2019 we have been focused on successfully transitioning the company back to growth by focusing on improving operational efficiency, risk- and cost-management capabilities, and strengthening our products and services. This focus, combined with solid support from our investors, means we are perfectly positioned to achieve our goals."
read more (kreditech)
