J.C. Flowers leads $92.2 mln Series C for Kreditech

Kreditech said Monday that it raised 82.5 million euros (US$92.2 million) in Series C financing led by J.C. Flowers & Co. LLC. Peter Thiel and Amadeus Capital Partners invested earlier this year in a bridge loan that has now fully converted into Series C equity. Existing shareholders Värde Partners, HPE Growth Capital and Blumberg Capital also participated in the round. Hamburg, Germany-based Kreditech is a consumer finance technology company. The company said it is in advanced discussions for a final close that could boost the Series C to over 100 million euros. Jefferies and Berenberg acted as financial advisors on the transaction.

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