ConfidentialOctober 2012Preliminary | Subject to further review and evaluationThese materials may not be used or relied up...
We Clean Up The Payday Industry With Better Scoringn    BIG Data based scoring technology: 2,000 – 8,000 data points scor...
Payday Lending 2.0n    Multichannel:   Web / Mobile Optimized Page / SMS (Feature Phones) / Native Appsn    Fast:       ...
Traditional Payday Lenders Focus On Debt Collection       Payday 1.0                         Wonga                        ...
Wonga Built Risk-Focused Model On UK Data          Payday 1.0                                  Wonga                   Kre...
Kreditech Has Built Risk-Focused Model For Any Market            Payday 1.0                       Wonga                   ...
Long Term Diversification Strategy: Scoring As A Service        Offline Retailer              Bank                        ...
Smart Money Follows TalentTeam                                              Investors            Sebastian Diemer, CEO    ...
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Kreditech - NOAH12 London

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Early Game Changers - Presentation by Sebastian Diemer, CEO of Kreditech at the NOAH 2012 Conference in London, Old Billingsgate on the 7th of November 2012.

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Kreditech - NOAH12 London

  1. 1. ConfidentialOctober 2012Preliminary | Subject to further review and evaluationThese materials may not be used or relied upon for any purpose other than as specifically contemplated by a written agreement with Kreditech Holding SSL GmbH.
  2. 2. We Clean Up The Payday Industry With Better Scoringn  BIG Data based scoring technology: 2,000 – 8,000 data points scored per applicationn  Automatized Processes allow for instant payouts at no variable costn  B2C: Automatized Payday Loans Web / Mobile Loansn  B2B: Scoring as a service – A global API for credit decisions Kreditech maximizes customer value, minimizes defaults, eliminates variable cost. NOAH  Conference  London  2012   3  
  3. 3. Payday Lending 2.0n  Multichannel: Web / Mobile Optimized Page / SMS (Feature Phones) / Native Appsn  Fast: On the bank account within 2-15minn  Easy: Application takes 5min No Docs, No Scansn  Transparent: No hidden feesn  Premium: >85% Rejection Rate NOAH  Conference  London  2012   1
  4. 4. Traditional Payday Lenders Focus On Debt Collection Payday 1.0 Wonga Kreditech §  Payday Lending 1.0: „Give loans to everyone at high rates, collect aggressively“ §  Success factor: Aggressive Debt Collection §  Overdues are profitable: Drive People in Debt Trap à It‘s a dirty industry. Focus on effective debt collection, no risk model at all despite 850.000 customers. NOAH  Conference  London  2012   5  
  5. 5. Wonga Built Risk-Focused Model On UK Data Payday 1.0 Wonga Kreditech§  Wonga was the first player to utilize an automatized, statistical risk model in UK§  Wonga has built UK-proven model based on UK Ecosystem: n  Leads are bought n  Fraud / Identification done by outsourced third-parties n  Scoring Data comes from Experian – UK-specific format and quality n  Bank Account verification comes from third-party§  This Ecosystem does not exist in new countries à Internationalization is cumbersome§  Data availability is much lower in less developed markets.§  New model is needed for every market.§  Limited IP / StrongUK Brand Wong built a UK –proven model based on third party (environmental) UK data. This model does not work in less developed markets. NOAH  Conference  London  2012   6  
  6. 6. Kreditech Has Built Risk-Focused Model For Any Market Payday 1.0 Wonga KreditechLocation Data Fraud-Proof Localization , Micro Geographical Data Browsing History, Browser Fingerprint, Cookies, Behavioral Interaction with Website Technical Operating System, Browser, Hardware, OSX, etc. Social Social Graph Consumption PatternE-Commerce Kreditech built country-independent risk model for markets with little/no environmental data. NOAH  Conference  London  2012   7  
  7. 7. Long Term Diversification Strategy: Scoring As A Service Offline Retailer Bank API Scoring Decision Loan Providers > 1000 EUR E-Commerce Store•  Credit  bureaus  provide  outdated  informa@on  on  na@onal  level  with  old  technology  •  Online  scoring  factors  are  neglected     Kreditech will diversify and monetize its technology by offering a global “Scoring as a Service” API that provides credit decisions in real-time. NOAH  Conference  London  2012   10  
  8. 8. Smart Money Follows TalentTeam Investors Sebastian Diemer, CEO •  London School of Economics •  Roland Berger Consulting •  Rocket Internet •  Serial Entrepreneur Alexander Graubner-Müller, CTO •  University of St. Gallen •  LGT Capital •  Rocket Internet •  Exit Social Gambling Plattform •  Serial Entrepreneur Background of 12 (Non Dev) Team Members Working in Hamburg NOAH  Conference  London  2012   4  
  9. 9. - w . a-o f ec. m w wn hc n r e o o en c- wt ro n ac n r c ti . m/o ho f e e tc e en- w .cb o. m/O H o f ec w wf e o k o N A C n r e a c en
  10. 10. - w . a-o f ec. m w wn hc n r e o o en c- wt ro n ac n r c ti . m/o ho f e e tc e en- w .cb o. m/O H o f ec w wf e o k o N A C n r e a c en

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