Kredu is a Berlin-based FinTech and one of the distribution partners of Dock Financial S.A. (PC42 profile), a licensed EMI, offering virtual debit cards. The debit card can be ordered with different preloaded credits that must be paid back after 45 days.
Behind Kredu are Manuel Prenzel and Ali Özen, who launched the short-term loan provider Vexcash back in 2011 and sold it to the 4finance Group in 2017. Since 2019, the two entrepreneurs have been using the money they earned to systematically pursue the digitalization of lending with their second start-up. From the online entry of the credit request to the Schufa-neutral creditworthiness and account check to the virtual prepaid Mastercard credit card, everything runs digitized and automated at Kredu.
To develop this process, the two founders say they have invested 2 million euros of their own funds in Kredu.