By Daniel Lanyon on Friday 9 April 2021
For the first time, Auxmoney will also be directly co-investing alongside investors as part of this transaction
One striking difference though is that Auxmoney will now be co-investing for the first time alongside partners as part of this transaction.
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.