Germany based peer-to-peer loan marketplace raised €150m in new funding led by Centerbridge, who will become the majority shareholder, subject to approval from anti-trust authorities.
“Particularly in times of Covid-19, this funding round is a strong signal of confidence,” Raffael Johnen, chief executive of Auxmoney, said. “The capital will allow us to further expand our leading market position and capture opportunities that arise in this environment. By providing German consumers and self-employed with critically needed access to capital, we are making an important contribution to the recovery of the German economy. Centerbridge’s deep expertise in credit markets will help us broaden our reach to institutional platform investors who are funding loans via our marketplace. Together we are pursuing the goal to make Auxmoney a leading digital loan provider in Europe.”