auxmoney, a prominent European digital-lending platform, has acquired the majority share in Lender & Spender BV, the Netherlands’ leading tech-enabled credit marketplace.
Building upon its consistent organic growth over recent years, this acquisition enables auxmoney to further its international influence and diversify its offerings. The exact valuation of the deal remains undisclosed at the current stage.
Lender & Spender, established in 2015, reigns as the premier tech-enabled consumer credit marketplace in the Netherlands. With a robust workforce of 32, the company boasts annualised new loan volumes nearing €200m. On the other side, auxmoney stands out as a pivotal digital-lending platform for consumer loans across Europe. Through innovative risk models and seamless digital processes, the firm aims to enhance credit accessibility, optimising lending costs and risks in the process.
This acquisition follows the initiation of an integrated partnership between auxmoney and Lender & Spender in June 2022. During this partnership, auxmoney began investing in the business and facilitated the development of debt-based funding structures with a renowned investment bank.
Following the partnership’s launch, Lender & Spender’s loan origination surged over five times, with notably enhanced loan economics. Notably, Lender & Spender will retain its brand identity in the Dutch consumer market and will continue its operations from its Amsterdam base. The finalisation of this transaction is pending local authority approval.
auxmoney CEO Raffael Johnen said, “We are excited to announce this landmark acquisition and we welcome Lender & Spender to the auxmoney group today. The talent, expertise and passion of the team has allowed Lender & Spender to achieve remarkable growth so far. We are looking forward to support their next chapter as a senior partner and to work on further expansion plans in the near future.”
Lender & Spender CEO Robert Leclercq remarked, “We are thrilled to enter this next phase of our partnership and become part of auxmoney’s European success story. In the past year, auxmoney has enabled us to fully leverage our platform and show strong increases in loan volumes.
“We look forward to joining forces as we see incredible opportunities for further growth. The combination of superior technology, data-driven processes and competitive funding will enable us to offer the best proposition on the Dutch market and gain further market share.”
Dr. Daniel Drummer, CFO of auxmoney, added, “Completing this large-scale transaction is a particular show of strength for auxmoney’s tech-enabled platform capabilities. A key factor how we enabled Lender & Spender to achieve their remarkable progress was replicating the successful auxmoney funding strategy.
“Building on our own profitable operations and strong reputation in the capital markets, we can further accelerate the continued success of Lender & Spender. This transaction could well serve as a blueprint for other deals in the market.”
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