auxmoney Raises €150M Equity Funding

Existing investors such as Index Ventures, Union Square Ventures and Foundation Capital will remain fully on board. The company intends to use the …
auxmoney

auxmoney, a Düsseldorf, Germany-based credit marketplace, raised an equity funding of €150m.

Centerbridge made the majority equity investment and acquired shares of existing shareholders*. Existing investors such as Index Ventures, Union Square Ventures and Foundation Capital will remain fully on board.

The company intends to use the funds to further develop its tech platform and expand its market opportunities.

Led by Raffael Johnen, CEO and co-founder, auxmoney is a credit marketplace for private and institutional investors to invest in pre-proven borrowers and benefit from returns.

The company said that the volume of loans paid out has more than twenty-fold in the last five financial years based on technological innovations along advanced digital risk assessment methods.

FinSMEs

06/09/2020

*Centerbridge’s investment is still subject to approval by antitrust authorities.