cashpresso is an overdraft not connected to your banking account and especially designed for smartphones. The quick and completely online sign-up process allows you to access the money you borrow within 10 minutes. € 1,500 are at your disposal and can be transferred as required. cashpresso’s customers have access to a 30-day free trial. Repayment is very flexible and allows customers to set the amount and the date of their monthly payments.
Behind the brand cashpresso is the FinTech Start-up Credi2 from Vienna. Credi2 was founded in June 2015 by Daniel Strieder, Michael Handler, and Jörg Skornschek. Well-known investors such as VC Fonds Speedinvest, Reimann Investors, Hansi Hansmann, the runtastic founders, Dieter von Holtzbrinck Ventures and Stefan Kalteis were brought on board. Since September 1st, 2016, cashpresso offers its services to customers in Germany and Austria.
Meet the founders of cashpresso
Michael studied computer science, first in Innsbruck, then in Vienna. During his studies he was already fascinated by setting up complex IT-systems that are not only easy to service but also easy to upgrade. After graduation, he started working at payolution where he built and developed their entire transaction system.
Daniel is a business economist, a CFA Charterholder, and a passionate entrepreneur. After graduation, he joined Raiffeisen Investment, later Bedminster Capital Management, a private equity fund. As proxy and finance director at payolution, Daniel gained experience in a start-up. The next logical step was for him to start his own company.
Jörg studied at the Vienna University of Economics and Business and looks back on ten years of professional experience in the e-commerce sector where he worked at renowned providers of payment solutions. He started his career at PayPal in Dublin, was later responsible for fraud and risk management at paysafecard before becoming the executive officer for risks & operations at payolution.
cashpresso works like the overdraft on your bank account. Once registered, you have access to as much as € 1,500.00 and there are no fixed costs or fees. We only charge an interest rate of 14.99% on the amount you actually borrow. There are various repayment models. Just try cashpresso – the first 30 days are completely free.