Auxmoney is a leading digital-lending platform for consumer credit in Europe.
- P2P Loans for Consumers
- Business Loans
- Auxmoney Investment Accounts
- Description
Auxmoney, founded in 2007 and based in Düsseldorf, Germany, is a leading digital lending platform in Europe, specializing in consumer credit. It differentiates itself by using over 3,000 data points to evaluate creditworthiness, enabling it to extend credit to a broader range of customers, including those typically overlooked by traditional banks, like the self-employed. The platform automates most of its loan processes, emphasizing efficiency and convenience. Auxmoney has expanded its reach, notably acquiring the Dutch credit platform Lender & Spender, highlighting its growth and influence in the European digital lending space
- Product & Services Review
Auxmoney is a leading digital-lending platform in Europe, primarily focused on consumer credit through a peer-to-peer loan marketplace. This platform differentiates itself by offering loans to a broader customer base, including those usually not serviced by traditional banks, like self-employed individuals with sound credit ratings. Utilizing a unique technology, Auxmoney assesses over 3,000 data points to determine creditworthiness, making its loan provision process highly efficient and automated. The company's approach emphasizes speed and convenience, offering customers a fully digital experience from loan inquiry to payment, and is geared towards enhancing financial inclusion in the European market.
- Key People
- Funding Details
- Lead Investors
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