auxmoney is an online peer-to-peer loan marketplace that offers digital credit platforms and solutions for consumer credit.
auxmoney's mission is to promote and improve financial inclusion.
auxmoney was founded in 2007 by Raffael Johnen, Philipp Kriependorf and Raffael Johnen. The company is headquartered in Germany.
auxmoney’s lending platform enables private consumers to borrow from private and institutional investors for personal loans, providing borrowers a bank-free borrowing system and a return on investment for lenders.
auxmoney uses digital data-based scoring technology and artificial intelligence (AI). With its expertise in credit rating and underwriting, as well as unique risk models, the company makes more favourable loans available to more people while enabling investors to benefit from attractive risk-adjusted returns.
auxmoney has funded more than 250K loan requests with a total volume of more than €700M.
auxmoney is backed by Foundation Capital, Index Ventures, Citigroup, Union Square Ventures, Natixis, Centerbridge, Aegon, Chenavari Investment Managers, and others. The company raised €500M ($512M) in new financing on Aug 03, 2022. This brings auxmoney's total funding to $3.5B to date.