Wednesday, June 12, 2024
21.9 C
New York

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.


  • 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.

Hot this week

Banking as a Service: Meaning, Examples, Benefits and Future

The push for open banking has led to a...

What is Fintech?

Fintech: A term used to refer to innovations in...

Best fintech blogs and websites

Fintech (financial technology) has been an interesting part of...

How to buy shares online

Buying shares online in India has come a long...

Is it worth investing in life insurance over 60?

Is it worth investing in life insurance over 60? As...

U.S. Bank taps Greenlight for family-focused money management tools

U.S. Bank Partners with Greenlight to Enhance Financial Literacy...

Finseta offloads non-trading subsidiary Capital Currencies to undisclosed buyer for £150,000

Summary of Finseta's Sale of Capital Currencies:Transaction Overview:...

Peru becomes first South American country to adopt NPCI’s UPI tech

Summary of BCRP and NPCI International Partnership:Partnership Overview:...

Beobank selects Viva to power new corporate payment solutions for SMEs in Belgium

Beobank and Viva Partnership - Key Points:Partnership Objective:...

Siri and Google Assistant look to generative AI for a new lease on life

There’s a lot riding on next week’s WWDC 2024...

Centenary Bank embarks on tech overhaul with Oracle Flexcube core banking system

Centenary Bank Technology Transformation - Key Points:Bank Overview:...

Related Articles

Popular Categories