Düsseldorf-based auxmoney, a digital lending platform, announced on Thursday, August 24, that it has acquired a majority stake in Dutch credit platform Lender & Spender.
The announcement comes a year after both companies entered into a partnership in June 2022.
Since the partnership, the volume of new loans provided by Lender & Spender has more than quintupled.
Lender & Spender will remain based in Amsterdam and will continue to operate under its name in the Dutch market.
Lender & Spender: Consumer loan provider
Founded in 2015 by Robert Leclercq and Huub van der Wart, Lender & Spender is a consumer loan provider. The platform leverages technology to offer consumers loans with a lower interest rate in a customer-oriented and transparent manner.
Lender & Spender has provided around €200M per year in consumer loans. Currently, the company employs 32 people.
Robert Leclercq, CEO and co-founder of Lender & Spender, says, “We are very much looking forward to the next phase of our partnership. Since the start of the partnership with auxmoney, we have been able to achieve strong growth in the past 12 months. We see many opportunities in the Dutch market for further growth through the combination of the use of smart technology, customer-oriented processes, and competitive financing.”
Auxmoney: Digital-lending platform
Founded by Raffael Johnen, Philip Kamp, and Philipp Kriependorf in 2007, auxmoney is a digital-lending platform that provides private consumers and self-employed people with fast and easy access to credit. Institutional investors and auxmoney itself invest in consumer loans on the platform.
The company uses digital data-based scoring technology and artificial intelligence (AI). The company’s mission is to promote and improve financial inclusion.
Boudewijn Dierick, Managing Director at auxmoney Investments, says, “We are proud to welcome Lender & Spender to the auxmoney group. Thanks to the expertise and passion of our team, Lender & Spender has experienced very successful growth over the past year. As a senior partner, we look forward to working together on further expansion plans.”
Read the orginal article: https://siliconcanals.com/news/startups/auxmoney-buy-lender-spender/
