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BRIEF-Kreditech receives 110 mln euros investment from Naspers unit PayU
May 10, 2017 / 10:15 AM / 7 months ago

BRIEF-Kreditech receives 110 mln euros investment from Naspers unit PayU

May 10 (Reuters) - Kreditech Holding SSL GmbH:

* Kreditech receives 110 mln euro investment from PayU and expands strategic partnership

* PayU and Kreditech agree global partnership to increase access to credit services in high growth, emerging markets

* Will expand LAAS offering and deliver AI and machine-learning credit technology to PayU’s 300,000-strong network of merchants

* PayU has acquired a significant minority stake in Kreditech Further company coverage: (Bengaluru Newsroom)

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