The companies are not officially disclosing Kreditech’s valuation, but sources tell TechCrunch that it’s higher than the previous valuation (which we last estimated was about €300 million) but less than €500 million. PayU’s investment is mostly in equity, and it gives Naspers a minority stake in Kreditech. Kreditech to date has raised €242 million to date, including this latest €110 million injection. Before this, PayU and Kreditech had already been working together, specifically in Poland, to provide financing options to potential purchasers on sites where PayU was powering payments. As CFO Rene Griemens describes it, services like Kreditech are important in economies where there is little credit card penetration nor existing credit histories, and so therefore limited options for how to pay for items over an extended period when you don’t the money to do so up front.

https://techcrunch.com/2017/05/10/kreditech-payu/