Dutch insurance company Aegon,Â international provider of life insurance, pensions and asset management, intensifies relationship with leading German p2p lending marketplace Auxmoney. Aegon plans to invest 1.5 bilion (!) Euro into p2p consumer loans issued by Auxmoney within the next 3 years. This is a stunning amount for institutional investments in the European p2p lending sector.
Aegon also leads the new 15 million Euro Series E funding round for Auxmoney. This financing round is being topped up by existing shareholders of Auxmoney.
Aegon the Netherlands, Eric Rutten, who will join the board of auxmoney, comments: â€œWith innovations along the entire value chain of credit and its highly sophisticated and techdriven
methods of risk assessments and scoring, auxmoney is another strong case for Aegon to drive innovations in the financial industry for the benefit of society.â€
Raffael Johnen, CEO and co-founder of auxmoney, says: â€œThis investment is a strong signal for the entire FinTech industry in Europe and beyond. Through our efforts to provide capital to millions more people, we have emphatically made the case for a more inclusive financial system. Auxmoney is an impactful and sustainable FinTech leader in Europe, and we will continue to make a difference in the banking and finance landscape.â€
Johnen continues: â€œAegonâ€™s funding commitment will enable auxmoney to onboard banks that are looking to expand and improve their loan offerings to clients through auxmoneyâ€™s
marketplace. We are looking forward to supporting more bank partners in serving their clients even better.â€œ
Johnen adds: “When we first launched auxmoney, our vision was to empower customers who had no access to credit products. Today’s funding commitment from Aegon will enable
us to expand our offerings of highly competitive all-digital loans at all levels of the credit spectrum.â€