Alexander Graubner-Müller: “One of our biggest mistakes was to internationalize too fast. It took us only 4 weeks to enter Kazakhstan, but over 1 year to exit the market.”
Germany’s next unicorn
Alexander Graubner-Müller is the founder of one of Germany’s most spectacular startups. Kreditech gives out loans to consumers that are underserved by traditional banks, because they have (almost) no credit history. In contrast to their established competitors, Kreditech uses alternative data sources (e.g. social media data) and machine learning technology to score the credit-worthiness of a potential customer. With this concept Kreditech already convinced many world-renowned investors, like Silicon Valley billionaire Peter Thiel. In total over 370 million USD were already invested in the startup from Hamburg that is widely considered a future unicorn (startup with a valuation of over 1 billion USD).
Alexander Graubner-Müller on Startup Notes
In this interview Alexander shares how he and his co-founder Sebastian Diemer developed the idea for Kreditech while working for Rocket Internet in Asia and his plans for the future of Kreditech.
Here are some of the topics we cover in this unique episode:
- How he thinks about an IPO of Kreditech
- Kreditech’s new business line “lending-as-a-service”
- His biggest mistake as the CEO of Kreditech
- The most important trends in FinTech
- His advice for aspiring entrepreneurs: focus, do not do things half-baked
- His most exciting and most devastating moments as an entrepreneur
- Why right after university is the best time to start a business
For more FinTech related podcasts, check out our interview with former McKinsey and Germany’s leading expert Yassin Hankir on founding FinTech startups in Germany. Yassin is the co-founder of the automatic savings app savedroid and the robo-advisor startup Vaamo.
Are you interested in working with Alexander at Kreditech? We’re happy to help! Send us your CV to email@example.com and we’ll forward it to the HR team at Kreditech.