Auxmoney is an online peer-to-peer loan marketplace. It brings private borrowers and private investors together and, in cooperation with the credit-worthwhile SWK bank, handles credit...FOUNDING YEAR: 2007 LOCATION: Germany
auxmoney is the largest credit marketplace in continental Europe. On auxmoney, private and institutional investors directly invest in pre-approved borrowers of different score classes. Recently, auxmoney also started offering loans to small and medium-sized enterprises. Using its unique risk models and expertise in credit rating and underwriting, auxmoney can make more favourable loans available to more people, while enabling investors to benefit from attractive returns. Renowned investors such as Index Ventures, Union Square Ventures and Foundation Capital are invested in auxmoney.
Auxmoney is an online peer-to-peer loan marketplace. It brings private borrowers and private investors together and, in cooperation with the credit-worthwhile SWK bank, handles credit processing.
Auxmoney charges borrowers a transaction fee for funded loan applications, but no more listing fees. Lenders pay a 1% transaction fee on successful bids.
Retail Investors and Borrowers
$106.67 M in 2015
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