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Auxmoney buys majority stake in Dutch credit marketplace Lender & Spender

Auxmoney, a German digital consumer lending platform, has acquired a majority stake in Dutch consumer credit marketplace Lender & Spender to support their growth and expand internationally.

Facts

  • Auxmoney, headquartered in Düsseldorf, Germany, has acquired a majority stake in the Dutch consumer credit marketplace Lender & Spender.
  • The acquisition aims to build upon Auxmoney’s recent organic growth, including international expansion and product range diversification.
  • Raffael Johnen, CEO at Auxmoney, attributes Lender & Spender’s impressive growth to its skilled team and sees this deal as vital for Auxmoney’s future development.
  • Daniel Drummer, Auxmoney’s CFO, highlights the strength of their platform and credits Lender & Spender’s progress to the successful use of Auxmoney’s financing platform.
  • Auxmoney plans to contribute to Lender & Spender’s sustainable growth by leveraging their profitable business and capital market expertise, potentially setting a template for future acquisitions.
  • This partnership initially began a year ago when Auxmoney invested in Lender & Spender, resulting in a substantial increase in disbursed loan volume and higher profitability for the Dutch marketplace.
  • Lender & Spender’s CEO, Robert Leclercq, acknowledges that the partnership has significantly expanded their platform and increased their loan volume, leveraging technology, data-driven processes, and competitive refinancing.
  • The financial terms and valuation of the transaction have not been disclosed by either party.

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