Alternative credit investor Fintex Capital has now funded €200m (£180m) in consumer loans originated by German peer-to-peer lending platform Auxmoney.
Fintex connects institutional investors with Auxmoney’s platform. It started investing in the P2P lender in early 2016 when it issued a €7m bond backed by Auxmoney loans and has since supplied 18 bond issuances backed by the platform’s loans to a variety of institutions.
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“Having started our partnership with Auxmoney with only €7m in 2016, we are pleased to now have cracked the €200m milestone, and we look forward to continuing our long-standing partnership to deliver further growth,” said Robert Stafler, chief executive of Fintex Capital.
“We created Fintex with a vision to become a unique 21st century investment firm, delivering capital preservation, steady income through the cycle, low volatility as well as low correlation with other asset classes.
“We recently onboarded a European Bank in the middle of lockdown, which demonstrates the strength of the unique platform we have built and refined over the years and the resilience of Auxmoney loans.
“Our aim was also to make complex private debt investments easy, and fast. Today, Fintex is able to onboard new institutions in as little as four weeks, from first enquiry to deployment start. For carefully structured institutional investments in private debt this is remarkably quick.”