Auxmoney (Down Round)

01 / WHAT IT BUILT

What the company did

auxmoney is a Düsseldorf-based digital consumer lending platform founded in 2007 by Raffael Johnen, Philipp Kriependorf and Philip Kamp. It began as Germany's leading peer-to-peer lending marketplace, letting private consumers borrow directly from private and institutional investors, and has since moved to institutional funding — since 2022 funding its lending through institutional investors and capital-market securitisations. It serves borrowers typically underserved by traditional banks, uses AI-driven scoring technology with over 80% of loan processes automated, and has processed over €5 billion in loans for more than 650,000 customers.

03 / EVENT HISTORY

Events in the structured record

1. 2007
   Company founded

   auxmoney is founded in Düsseldorf by Raffael Johnen, Philipp Kriependorf and Philip Kamp as a peer-to-peer lending marketplace.

2. 2013
   Early funding

   auxmoney raises a $12 million round from Index Ventures and Union Square Ventures, followed by a $16 million Series B led by Foundation Capital.

3. 2020
   Centerbridge investment

   auxmoney raises €150 million in growth capital led by Centerbridge, which takes a majority stake; loan volume has grown twenty-fold over five years.

4. 2022
   Debt funding and model shift

   auxmoney secures €500 million in debt funding from Citi and Natixis, bringing total debt funding to over €3 billion, and moves away from crowdfunding to institutional funding.

5. 2026
   Strategic options

   Centerbridge-backed auxmoney is reported to be exploring strategic options including a sale or IPO, with revenue said to be growing over 30% a year.