German P2P Marketplace Completes Series D Investment Round

By Guglielmo de Stefano on Tuesday 1 March 2016

Alternative Lending

Auxmoney closes a “double-digit million” Series D investment round led by Seven Ventures.


The German marketplace lender Auxmoney has announced the closure of a Series D investment round led by Seven Ventures – the investment arm of ProSiebenSat.1 Media SE, a European venture capital firm – with participation also coming from Index Ventures, Union Square Ventures and Foundation Capital.


Specifics of the investment, including the amount, its composition and the way the platform will use the fresh injection of capital have not yet been disclosed. The announcement follows on from a note released few days ago, in which the platform claimed to have tripled disbursed loans volumes to almost €100 million in 2015.


Founded in 2007, Auxmoney is a marketplace lending platform for consumer loans. On the investor front, registering on the platform is free and the minimum investment amount is €25. A one-time fee of 1% applies after a successful investment. As a borrower, users may determine the loan amount and the term of loan requests. Credit requests range from a minimum of €1,000 to a maximum of €25,000. A fee of 2.95% applies after a successful application.


Raffael Johnen, co-founder and CEO of Auxmoney, commented:


“The partnership with ProSiebenSat1 is an important milestone on our path to change the public perception of credit in Germany. The funding and better access to tv advertising will help us to make P2P lending part in everyday life of millions of people.”


AltFi Data recently highlighted that the Continental Europe volume index facilitated €674m of lending during the course of 2015, hitting €1.34bn in cumulative financing, and representing a robust 102% year on year growth.


Among the wide array of European platforms that experienced substantial year on year growth in 2015, Auxmoney placed highest on the list, registering an annual growth rate of 320%. In 2016 the platform is expected to remain the largest in Continental European peer-to-peer consumer lending. According to AltFi Data, the German platform will pass from a present loan origination volume of €290m to €430m this year, with a y-o-y growth rate of 48%.


Examining the impact of the Series D investment round on the future of the platform is tricky, owing chiefly to lack of disclosure. We’ll keep you posted if further detail comes to light. 

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