Kilde has put $5.3M into Creditstar Group, the Tallinn-based consumer finance firm that operates across several European markets. The investment adds a new backer to a company that has been scaling its digital lending and banking products for a customer base it estimates at over 100 million people across its target regions.
Creditstar describes itself less as a traditional lender and more as a fintech operation, leaning on automated underwriting and data analysis to push financial products to a wide audience quickly. The fresh capital from Kilde arrives as the company continues to push its "digital banking of the future" pitch, though specifics on how the funds will be deployed were not disclosed.
