Kreditech, the consumer finance technology Group, has acquired 100% of Kontomierz.pl Sp. z o. o. (Kontomierz) for a seven digit amount in cash plus Kreditech shares. Kontomierz has built a market leading technology named KontoX to verify client identity (KYC) and gain read-only access to bank accounts. KontoX provides a missing API to bank systems. The API uses a sophisticated financial technology that works worldwide with any bank.
Kontomierz has net revenues around 1m EUR at positive EBIT and three digit annual growth. Founded in 2009, Kontomierz has built a Europe-wide brand with renowned B2B clients such as Alior Bank and Idea Bank. The team of 16 based in Warsaw will stay as an independent section within the Group.
“Kreditech has a unique big data credit scoring technology. We are now part of its vision to serve the 4 billion underbanked individuals worldwide. This is the ideal platform for our international expansion and further profitability”, Marcin Truszel, CEO and founder of kontomierz
| Client: | kontomierz |
| Industry: | Financial services |
| Assignment: | Sellside |
