German auxmoney marketplace raises 150 million euros

German peer-to-peer lender auxmoney has raised gigantic growth capital of 150 million euros as part of an investment round led by Centrebridge Partners.

In addition to the equity investment, Centrebridge also acquires shares from other investors, taking a controlling stake in the German fintech. Existing venture capitalists such as Index Ventures, Union Square Ventures and Foundation Capital remain fully on board.

The company, which claims to operate the largest credit marketplace in the eurozone, has seen its lending volumes increase twenty-fold over the past five years.

Raffael Johnen, CEO and co-founder of auxmoney, says the investment cycle, launched amid a global pandemic, represents a strong vote of confidence in its business model.

“Thanks to Centerbridge’s capital markets expertise, we have access to other institutional investors for our market,” he says. “Together, we are pursuing the goal of making auxmoney one of the leading digital credit providers in Europe.”

Maximilian Rinke, Managing Director of Centerbridge, says the company has “immense potential for growth.”

“The German loan market is still characterized by traditional rating methods and manual processes,” he says. “Thanks to automation, auxmoney is making it easier for more and more people to access the credit they deserve. In doing so, auxmoney sets new standards for its customers and cooperation partners.

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