Kreditech, a German technology-enabled consumer lending platform, has raised 20 million euros ($22 million) in an investment round.
The latest funding round was co-led by California-based venture capital firm Runa Capital, as well as German private investors.
Existing backers including HPE Growth and Amadeus Capital Partners also participated in the new funding.
Kreditech is planning to leverage the net proceeds from the fundraising to scale internationally in the near-prime customer segment.