CrossLend, a Berlin, Germany-based FinTech startup, received a new investment of undisclosed amount.
Backers included CME Ventures, the venture capital investment arm of Chicago-based CME Group, and existing investor Lakestar.
Led by Oliver Schimek, founder and co-CEO, CrossLend intermediates loans and securitises them into bonds, in which investors can invest via its platform. A secondary market to be established in the near future will provide a trading venue for the bonds. In addition to CME Ventures and Lakestar, the company is financed by Northzone and Atlantic Labs.
CrossLend is currently active in Germany, Spain, the UK and the Netherlands.