Auxmoney, a German fintech peer-to-peer lending platform, recently raked in almost $508 million from investors, which it will utilize to expand its consumer lending portfolio. The funding round for Auxmoney was led by Natix, an American asset management company, and returning investor Citi. Since its founding, the corporation has raised $3.64 billion from investors. Auxmoney CEO Raffael Johnen said, “We are on a mission to promote and improve financial inclusion…Our proprietary scoring and underwriting technology enable us to continuously improve our offering. It’s great that more and more strong partners support our mission and foster financial inclusion with us.”
Auxmoney Grabs $500M+ for Increased P2P Lending
