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.

HQHamburg, DE

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

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
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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.
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Monedo Revenue

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

Revenue (FY, 2019)


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


Market valuation


Cash (31-Dec-2018)



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



Revenue growth, %


Cost of goods sold


Gross profit

EURFY, 2016FY, 2017FY, 2018



Current Assets





EURFY, 2016FY, 2017FY, 2018

Cash From Operating Activities


Capital Expenditures


Cash From Investing Activities


Long-term Borrowings

EURFY, 2016


-5.7 x


-5.1 x


-5 x




34.4 x


0.6 x

Financial Leverage

55.5 x
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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
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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



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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

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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.