auxmoney, a Düsseldorf, Germany-based digital-lending platform for consumer credit in Europe, secured a €250m investment for its marketplace loans.
After the company announced to invest in loans on its own marketplace in November 2020, the fintech company is now co-investing for the first time alongside Citigroup and Chenavari Investment Managers as part of this transaction.
Through auxmoney’s investment arm, investors benefit from efficient processes including fully automated onboarding, risk assessment and investor reporting. With the latest iteration of its scorecard, leveraging advances in Machine Learning, auxmoney facilitates investors access to a truly digital asset class.
Led by Raffael Johnen, CEO, auxmoney is a digital-lending platform for consumer credit in Europe. Through proprietary risk models and digital processes, the company aims to improve access to affordable credit while reducing the risk and cost of lending.