Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

4finance Group appoints Andre Achtstaetter as chief of German subsidiary

Published by Gbaf News

Posted on June 15, 2018

Featured image for article about Top Stories

International fintech lending expert appointed to Vexcash following acquisition

4finance Group has appointed Andre Achtstaetter to run its German subsidiary, Vexcash AG.

Vexcash, Germany’s first online convenience credit-broker, became a wholly-owned subsidiary of 4finance Group in August 2017.

Achtstaetter has deep consumer finance experience with roles in fintech, banking and insurance sectors, operating across Germany, Italy, Spain, Russia, Austria, USA, France, Poland, Romania, Slovakia and Czech Republic.

Achtstaetter joins from Kreditech, where he managed its European business division. Prior to Kreditech, Andre led the retail division of Unicreditbank in the Czech Republic and Slovakia.

4finance Group CEO Mark Ruddock said: “The breadth of Andre’s experience made him a clear choice to run our German business unit and a great addition to 4finance’s leadership team.”

Achtstaetter said: “Vexcash and 4finance have great potential as the consumer credit market continues to mature. Consumer expectations and regulation are driving competition, providing real opportunities for those with a sharp focus on customer experience.”

Vexcash brokers instant loans with a term of 30-days via its platform. The fintech company was the first provider in Germany to introduce electronic contract signing together with WebID Solutions. Vexcash also pioneered video identification in 2014. Customers benefit from a fast payout within 60 minutes.

Ali Özen remains COO of the business he co-founded in 2011.

Vexcash has a rating of 4.7 out of 5 from consumer feedback site eKomi.