Auxmoney lands €250m from Citigroup and Chenavari for lending

By Daniel Lanyon on Friday 9 April 2021

Alternative Lending

For the first time, Auxmoney will also be directly co-investing alongside investors as part of this transaction

Auxmoney lands €250m from Citigroup and Chenavari for lending
Image source: CFO Daniel Drummer, CEO Raffael Johnen and COO Arie Wilder (from left to right)

Digital consumer lender Auxmoney has secured a €250m funding deal with Citigroup and Chenavari Investment Managers. 

The new cash is the latest deal struck by Auxmoney with major institutions following a similar €500m deal with BNP Paribas in November 2020. 

One striking difference though is that Auxmoney will now be co-investing for the first time alongside partners as part of this transaction.

Raffael Johnen, CEO of Auxmoney,  said: With our investment platform, we are able to set up partnerships at scale, further broadening our base of institutional investors.” 

Hubert Tissier de Mallerais, Senior Portfolio Manager at Chenavari, said: “We are excited that our partnership with Auxmoney will enable us to invest in digital origination of consumer loans in Germany for the first time. The segment has been partially underserved by traditional lenders. By leveraging advanced digital technology, Auxmoney provides more borrowers access to credit while allowing investors to diversify their portfolios into an attractive asset class."

Boudewijn Dierick, who recently joined the German lender from BNP Paribas is leading Auxmoney’s investment arm as Managing Director. Dan Zakowski, SVP Marketplace Funding at Auxmoney, is heading the deal team for the new transaction.

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