Auxmoney: Company Research Report
Company Overview
- Name: Auxmoney GmbH
- Mission: Auxmoney gives more people the chance to access credit using a unique technology to assess creditworthiness responsively and provide responsible loans. They aim to offer better credit opportunities by removing the high costs associated with traditional banks, thus creating an alternative to the classical banking system.
- Founding Information: Founded in 2007 by Raffael Johnen, Philip Kriependorf, and Philipp.
- Key People:
- Raffael Johnen: CEO and Co-Founder, previously worked in investment banking.
- Daniel Drummer: CFO, formerly at JP Morgan and McKinsey.
- Raz Schweiger-Shuty: CTO, previously at Delivery Hero and Wikipedia organizations.
- Arie Wilder: COO, involved in company growth and strategy since 2012.
- Matthias von der Heyde: CGO, previously held leadership roles at CHECK24, About You, and Barclays.
- Headquarters: Düsseldorf, Germany
- Number of Employees: >250
- Revenue: No information is available.
- Known For: Auxmoney is recognized as a leading digital platform for consumer loans in Europe, focusing on providing access to credit for individuals typically excluded by banks.
Products
- Product Offerings:
- Consumer Loans
- Online Financing Solutions
- Secured Loans
- High-Level Descriptions:
- Consumer Loans: Tailored loans for various purposes, including education, auto financing, and other personal projects.
- Online Financing Solutions: Provides credit through a completely digital process, ensuring convenience and speed.
- Secured Loans: Options to secure credit with collateral to offer better credit conditions.
- Key Features:
- Automatic assessment with over 3,000 data points to determine creditworthiness.
- Fair credit opportunities, offering access to students and self-employed individuals.
- Fully digital credit processes for ease of application and timely responses.
Recent Developments
- Recent Milestones:
- 23 September 2024: Auxmoney successfully placed its fifth asset-backed security (ABS) transaction worth 1 billion euros.
- 17 May 2024: Hiring of Raz Schweiger-Shuty as CTO to drive technology and data development.
- 31 January 2024: Issued a record 500 million euro social bond.
- New Product Launches: No specific information is available on recent product launches.
- Partnerships and Other Updates: No specific new partnerships detailed.
This report provides insights into auxmoney's operations, highlighting their commitment to making credit more accessible through technological advancements and a thorough understanding of an individual's creditworthiness.
