# Auxmoney

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/auxmoney

- Industry: Financial Services
- Headquarters: Dusseldorf, Germany
- Website: www.auxmoney.com
- Total disclosed funding: $210M
- Latest round: Series E (Jan 23, 2017)
- Investors on record: 8

## About

Based in Germany, Auxmoney GmbH operates as a leading online platform that connects borrowers with private investors to facilitate peer-to-peer lending.Auxmoney GmbH provides a platform for peer-to-peer lending, enabling individuals to secure personal loans from private investors. Founded in 2007 in Dusseldorf, Germany, by Philip Kamp and Philipp Kriependorf, the company has completed 11 deals, with its most recent funding round occurring on August 3, 2022, which raised EUR 500.000 mn in VENTURE DEBT. The company currently operates independently without subsidiaries and has not undergone notable changes in business strategy.Auxmoney specializes in providing an innovative online platform that connects borrowers with private investors, primarily in Germany. The service focuses on peer-to-peer lending, allowing individuals to apply for personal loans, which are funded by investors in exchange for interest payments. The platform streamlines the borrowing process, catering to those who may not qualify for traditional bank loans. Auxmoney targets a diverse clientele, including individual borrowers and investors seeking alternative financing solutions, primarily in urban locations within the German market.Auxmoney generates revenue through origination fees charged to borrowers and interest income collected from loans. The B2C transaction structure allows individual borrowers to submit loan applications and receive funding directly from private investors on the platform. Upon loan approval, borrowers pay a percentage of the loan amount as an origination fee, which constitutes a primary revenue stream for the company, alongside the interest earned from loans facilitated through its platform.In August 2022, Auxmoney GmbH raised EUR 500.000 mn in VENTURE DEBT funding from Citi Ventures and Natixis, which will be used to support the consumer loans on its platform. The company is focusing on expanding its product offerings and enhancing its platform to attract a broader range of borrowers and investors. Additionally, Auxmoney is exploring opportunities to penetrate new geographic markets to increase its reach and customer base.

## Funding rounds

- Series E, Jan 23, 2017, $16M — Foundation Capital, Union Square Ventures, Aegon N.V., Transamerica Ventures
- Series D, Feb 29, 2016 — Index Ventures, Foundation Capital, Union Square Ventures, Hexavest, SevenVentures, Transamerica Ventures
- Series C, Jul 3, 2015, $166M — Foundation Capital, Partech Partners, Union Square Ventures, Hexavest, Transamerica Ventures
- Series B, Apr 28, 2014, $16M — Foundation Capital, Partech Partners, Union Square Ventures, Hexavest
- Series A, Nov 2, 2012, $12M — Union Square Ventures, Hexavest

## Investors

- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A, Series B, Series C, Series D, Series E
- Hexavest — Series A, Series B, Series C, Series D
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series B, Series C, Series D, Series E
- Partech Partners (https://capitalatlas.ai/funds/partech-partners) — Series B, Series C
- Transamerica Ventures (https://capitalatlas.ai/funds/transamerica-ventures) — Series C, Series D, Series E
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series D
- SevenVentures (https://capitalatlas.ai/funds/sevenventures) — Series D
- Aegon N.V. — Series E