CrossLend is a digital debt marketplace that offers innovative secularization platform enabling lenders to scale their business.
CrossLend's mission to make the world’s lending and investment ecosystem more efficient, transparent and profitable.
CrossLend was founded in 2014 by Oliver Schimek. The company is headquartered in Berlin, Germany, with offices in Luxembourg and London.
CrossLend's standardised loan data, allowing for more transparency, better comparability and convenient reporting.
CrossLend, by means of an innovative securitisation solution, seamlessly connects originator supply with institutional investor demand, creating beneficial opportunities for both.
The CrossLend marketplace offers investment funds a single point of access to private debt, spanning different originators, countries and asset classes. Standardised loan tapes and a replicable legal structure allow for a better comparability of different opportunities as well as a more efficient and scalable investment process.
CrossLend's digital platform enables meaningful comparison of all originators, including smaller ones not reached by traditional ABS structures. Institutional investors can quickly and efficiently build diversified portfolios backed by a wide range of debt from international originators and Originators can increase their origination capacity – maintaining capital ratios and generating new fee income.
CrossLend is backed by Santander InnoVentures, Lakestar, ABN AMRO Ventures, Earlybird and others. The company raised €35M from a "Series B" financing on Oct 16, 2019. This brings CrossLend's total funding to €49M to date.