-11.1 C
December 7, 2023
Finance Technologies

Credit marketplace Auxmoney picks up €150m in new funding round

Peer-to-peer loan marketplace Auxmoney has raised €150 million in a new funding round, the largest for a German fintech so far in 2020. The firm has not ruled out the possibility of acquisitions Uncovered by Handelsblatt, the equity fundraising is led by US-based financial investor Centerbridge. Existing investor Foundation Capital is also involved. Centerbridge now owns the majority of Auxmoney equity. Raffael Johnen, co-founder and managing director, tells Handelsblatt that his firm has taken a hit during the coronavirus crisis, but that the new capital is for “strategic growth” rather than propping up lost business. The co-founder has not ruled…
Credit marketplace Auxmoney picks up €150m in new funding round

Related posts

US crypto exchange Gemini banks on ClearBank for UK operations

Amme Jhonson

Video: Top fintech stories this week – 27 March 2020

Amme Jhonson

Embedded insurance: a $3tn market opportunity, that could also help close the protection gap

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy