German credit marketplace auxmoney raises €150 million

German credit marketplace auxmoney raises €150 million

Auxmoney, a German credit marketplace that claims to be the largest in continental Europe, has raised €150 million in growth capital in a round led by Centerbridge Partners, a private equity firm with a history of taking majority stakes. As part of the deal, the lead investor is buying shares from other existing investors, though previous backers Foundation Capital, Index Ventures and Union Square Ventures are still fully on board. That said, Centerbridge's investment is subject to approval by antitrust authorities. Founded in Düsseldorf in 2007, the fintech company built a peer-to-peer loan marketplace, where digital lending has soared in the last several years. In a press release, auxmoney says the loan volume funded on the platform has increased twenty-fold in the last five years.

Photo from left to right: CFO Daniel Drummer, CEO Raffel Johnen and COO Arie Wilder

Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.