Big Data

Kreditech, an online consumer finance startup that loans money to unbanked borrowers with little or no credit rating, is mining $110 million in a Series C round of funding. About $44 million of it is financed by Peter Thiel, famed entrepreneur and venture capitalist who discovered Facebook, Palantir and many others. Similar such buoyed fintech startups like WorldRemit, Funding Circle, and TransferWise are raising large rounds of fundings, and increasing mergers and acquisitions pointing toward an imminent disruption of the traditio...