Microfinance Technology Solutions Company Kredits Raises $4.5 Million

Posted Mar 16, 2011

Kredits is a microfinance technology solutions company that has raised $4.5 million in funding from Sophia ApS, a Danish investments company. Kredits plans on using the funding to deliver new microfinance technology and expand their global client base.

“Our innovative and highly-customizable technology solutions have already helped many of the world’s most successful MFIs build scalable and sustainable microfinance operations. Through close collaboration with our MFI partners, we are proud that every Kredits implementation has been completed on-time and on-budget,” stated Don Eggert, CEO and co-founder of Kredits. Kredits launched in 1998 and has been successfully implemented by MFIs in 30 countries across 5 continents.