Media giant ProSiebenSat.1 leads ‘double-digit’ Series D round for German fintech startup Auxmoney

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Dusseldorf, Germany-based online credit marketplace Auxmoney is raising a Series D round, with previous backers Index Ventures, Union Square Ventures and Foundation Capital participating in an injection of ‘double-digit millions’ into the fintech startup.

Leading the fresh round is SevenVentures, the venture capital arm of German media group ProSiebenSat.1, in an announcement that comes just days after Auxmoney highlighted the fact that it has tripled the volume of disbursed loans to almost €100 million euros in 2015.

Auxmoney only operates its p2p lending platform in Germany so far, with the help of the SWK Bank as its partner for the procurement and processing of loans.

Via Handelsblatt

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