Mentioned Companies:

PayU Invests in Kreditech

Payment service provider (PSP) PayU, which handled $20 billion in sales in 2016 from more than 300,000 online merchants, has made a $124-million strategic investment in Kreditech, a consumer lending company focused on the underbanked. Most of the investment is equity. PayU now owns a significant minority stake in Kreditech, which has raised a total of $273 million (€242 mil.). Kreditech revenues are in the $50-million range. PayU and Kreditech have been partners for a year in Poland, distributing installment credit through merchant customers of PayU that sell on the Allegro online marketp...

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June 2017
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Investments & Acquisitions – May 2017

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