OverviewSuggest Edit

Monedo (formerly known as Kreditech) is a technology company that delivers custom-tailored financial services with a focus on underbanked consumers. Its product offerings include a variety of consumer loans, as well as “Lending as a Service”, allowing partners to integrate Monedo’s credit products via an API into their own platform and services.

TypePrivate
Founded2012
HQHamburg, DE
Websitemonedo.com

Latest Updates

Employees (est.) (Sept 2020)280
Job Openings4
Revenue (FY, 2019)€43 M(-23%)
Cybersecurity ratingAMore

Key People/Management at Monedo

David Chan

David Chan

CEO
Mariusz Dabrowski

Mariusz Dabrowski

Group CFO
Diego Velázquez Leitz

Diego Velázquez Leitz

Product Vice President
Todd Simmerman

Todd Simmerman

Chief Product & Technology Officer
Subhash Desai

Subhash Desai

Chief Risk Officer
Konstantinos Papakonstantinou

Konstantinos Papakonstantinou

Chief Data Officer
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Monedo Office Locations

Monedo has offices in Hamburg, Mumbai, Warszawa, București and in 3 other locations
Hamburg, DE (HQ)
Jürgen-Töpfer-Straße 50/Haus 18
Mumbai, IN
Corporate Centre, Marol Pipeline Rd, Ajit Nagar, J B Nagar, Andheri East
Warszawa, PL
Prosta 51
București, RO
Art Business Center 5, Strada Nicolae G. Caramfil 71-73
Moscow, RU
Malaya Gruzinskaya street, Building 3, Floor 11
Madrid, ES
Av. del General Perón, 38, Local 4
Show all (7)

Monedo Financials and Metrics

Summary Metrics

Monedo's latest funding round in September 2019 was reported to be $22 m. In total, Monedo has raised $509.9 m. Monedo's latest valuation is reported to be €500 m.
View all funding rounds

Monedo Revenue

Monedo's revenue was reported to be €43 m in FY, 2019 which is a 23.4% decrease from the previous period.
EUR

Revenue (FY, 2019)

43.0m

Revenue growth (FY, 2018 - FY, 2019), %

(23.4%)

Market valuation

500.0m

Cash (31-Dec-2018)

13.4m

EV

541.8m
EURFY, 2016FY, 2017FY, 2018FY, 2019E

Revenue

45.3m71.4m56.2m43.0m

Revenue growth, %

57%(21%)(23%)

Cost of goods sold

38.0m55.0m34.4m

Gross profit

7.4m16.4m21.7m
EURFY, 2016FY, 2017FY, 2018

Cash

26.4m37.4m13.4m

Current Assets

55.2m89.8m53.6m

PP&E

983.1k1.3m1.2m

Goodwill

2.7m2.8m2.8m
EURFY, 2016FY, 2017FY, 2018

Cash From Operating Activities

(62.5m)(89.2m)(13.8m)

Capital Expenditures

(1.1m)(1.2m)(2.9m)

Cash From Investing Activities

(1.1m)(571.4k)(1.7m)

Long-term Borrowings

(7.0m)(13.6m)(58.3m)
EURFY, 2016

EV/EBIT

-5.7 x

EV/CFO

-5.1 x

EV/FCF

-5 x

Revenue/Employee

195.8k

Debt/Equity

34.4 x

Debt/Assets

0.6 x

Financial Leverage

55.5 x
Show all financial metrics

Monedo Operating Metrics

Monedo's Loans Issued was reported to be €107.3m in FY, 2018.
FY, 2016FY, 2017FY, 2018

Loans Issued

€127.30 m€185.24 m€107.30 m

Net Consumer Loans

€36.43 m€71.54 m€59.44 m

Gross Microcredit Loans

€27.21 m€20.01 m€10.42 m

Gross Installment Loans

€34.38 m€50.99 m€39.68 m
Show all operating metrics

Monedo Acquisitions / Subsidiaries

Company NameDateDeal Size
KontomierzJanuary 14, 2015
Kontomatik.pl (vormals Kontomierz.pl) Sp. z o.o.
Kontomatik U.A.B.
Kreditech Customer Service Center SRL
Kreditech Financial Services Pvt. Ltd.
Kreditech Germany SSL GmbH
Kreditech Mexico S.A. de C V SOFOM E.N.R.
Kreditech Polska Sp. z.o.o.
Kreditech Spain S.L.
Kreditech SPV I (Luxemburg) S.A.
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Monedo Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Monedo Revenue Breakdown

Embed Graph

Monedo revenue breakdown by business segment: 14.7% from Renewal Fees, 72.6% from Commissions, 5.5% from Other Fees and 7.2% from Other

Human Capital Metrics

Embed Graph
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Monedo Online and Social Media Presence

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Monedo News and Updates

German fintech Monedo files for bankruptcy

A German fintech once backed by PayPal investor Peter Thiel, has filed for bankruptcy after failing to recover from the economic effects of the Coronavirus pandemic.

E-commerce w czasach pandemii: duży wzrost zainteresowania odroczonymi płatnościami wśród klientów PayU

Firma Kreditech, dostawca odroczonych płatności "Płacę później" oferowanych klientom PayU donosi, że wzrost ruchu w e-commerce powoduje też zwiększone zainteresowaniu klientów odroczonymi płatnościami.

Kreditech Rebrands to Monedo as It Steps Up Growth in International Lending Markets

International online direct lender and Point-of-Sale (POS) financing provider Kreditech today 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.

Kreditech to Break Even in Cash Flow in 2020

Kreditech's financial statement for the financial year 2018[1] shows that the company is on track to reach profitability in the near future. The performance of the Hamburg-based fintech has improved significantly as a result of a new strategy that was implemented in 2018.

Kreditech Spain fortalece su presencia en el segmento de clientes near-prime gracias a una nueva tecnología

Kreditech Spain, uno de los líderes del mercado de préstamos online que opera bajo las marcas Monedo Now y Kredito24, ha implementado un nuevo sistema central llamado Mambu.

Kreditech ma 20 mln euro na rozwój, Polska jednym ze strategicznych rynków

Kreditech, działający w Polsce pod marką Monedo Now, pozyskał 20 mln euro finansowania i chce być liderem rynku pożyczek online w segmencie klientów "near-prime", podała spółka.
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Monedo Frequently Asked Questions

  • When was Monedo founded?

    Monedo was founded in 2012.

  • Who are Monedo key executives?

    Monedo's key executives are David Chan, Mariusz Dabrowski and Diego Velázquez Leitz.

  • How many employees does Monedo have?

    Monedo has 280 employees.

  • What is Monedo revenue?

    Latest Monedo annual revenue is €43 m.

  • What is Monedo revenue per employee?

    Latest Monedo revenue per employee is €153.6 k.

  • Who are Monedo competitors?

    Competitors of Monedo include Spotcap, Auxmoney and afforditNOW.

  • Where is Monedo headquarters?

    Monedo headquarters is located at Jürgen-Töpfer-Straße 50/Haus 18, Hamburg.

  • Where are Monedo offices?

    Monedo has offices in Hamburg, Mumbai, Warszawa, București and in 3 other locations.

  • How many offices does Monedo have?

    Monedo has 7 offices.