OverviewSuggest Edit

Monedo (formerly known as Kreditech) is a technology company that delivers custom-tailored financial services for underbanked consumers. It offers consumer loans, a digital wallet, and a personal finance manager designed to help customers manage their credit scores and plan their spending. The company also provides a “credit as a service” model, allowing partners to integrate its credit products as a payment method or funding source, and Kredito24, accessible microloans for unexpected events or purchases.
HQHamburg, DE
Employee Ratings3.5

Latest Updates

Employees (est.) (Sept 2021)129(-2%)
Revenue (FY, 2019)€43 M(-23%)
Cybersecurity ratingAMore

Key People/Management at Monedo

Todd Simmerman

Todd Simmerman

Chief Product & Technology Officer
Subhash Desai

Subhash Desai

Chief Risk Officer
Lucian Manolescu

Lucian Manolescu

Director of Collection
Christina Odinzewa

Christina Odinzewa

Deputy Chief Executive Officer, Russia
Roman Zhadaev

Roman Zhadaev

Chief Accounting Officer
Elena Zenkova

Elena Zenkova

VP of Finance
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Monedo Office Locations

Monedo has offices in Hamburg, Warszawa, Bucharest, Moscow and in 2 other locations
Hamburg, DE (HQ)
Jürgen-Töpfer-Straße 50/Haus 18
Warszawa, PL
Prosta 51
Bucharest, RO
Str. Nicolae Caramfil 71-73, Sect 1
Moscow, RU
Malaya Gruzinskaya street, Building 3, Floor 11
Madrid, ES
Ave. General Peron 38m planta 7, piso 4
Bangkok, TH
19th Bhiraj Tower @ EmQuartier, 689, Sukhumvit Rd
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Monedo Financials and Metrics

Summary Metrics

Founding Date


Monedo total Funding

$509.9 m

Monedo latest funding size

$22 m

Time since last funding

2 years ago

Monedo investors

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.

Revenue (FY, 2019)


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


Market valuation


Cash (31-Dec-2018)



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



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

€127.3 m€185.24 m€107.3 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 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 Cybersecurity Score

Cybersecurity ratingPremium dataset



SecurityScorecard logo

Monedo Online and Social Media Presence

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Monedo News and Updates

Kapil Dev scripts new innings with Monedo Financial Services

Monedo Financial Services has onboarded the Indian cricketer, the former captain of the Indian cricket team Kapil Dev as an ardent investor, brand advisor and Advisory Board member. Dev resonates with Monedo’s theme, therefore, has made a significant impact by a contribution in our journey


在线支付服务提供商PayU和德国消费贷款公司Kreditech已在印度启动了PayU Mondeo的Beta测试阶段,该阶段将提供无卡等值每月分期付款(EMI),以资助印度消费者的在线购买

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.

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, the AI-based near-prime loans platform, nabs $22M under new CEO to expand globally

Cash advances (or simply, loans) continue to be a lucrative area for startups to tackle. By leveraging new AI-based tools to evaluate potential customers, the network effect of the internet and the quick efficiency of digital money transfer, they’re taking on incumbent banks to disrupt a consumer le…

German digital lender Kreditech gets RBI license to operate as NBFC

Founded in 2012 and headquartered in Hamburg, Germany, Kreditech operates in India, Poland, Russia and Spain
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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 Todd Simmerman, Subhash Desai and Lucian Manolescu.

  • How many employees does Monedo have?

    Monedo has 129 employees.

  • What is Monedo revenue?

    Latest Monedo annual revenue is €43 m.

  • What is Monedo revenue per employee?

    Latest Monedo revenue per employee is €333.3 k.

  • Who are Monedo competitors?

    Competitors of Monedo include LIQID, Spotcap and Auxmoney.

  • 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, Warszawa, Bucharest, Moscow and in 2 other locations.

  • How many offices does Monedo have?

    Monedo has 6 offices.