CrossLend operates a pan-European digital debt platform that digitizes and distributes consumer, SME, invoice, mortgage and other loan formats created by banks and other lenders. The platform enables issuers to widen funding sources by providing access to institutional investors such as banks, investment funds, and insurance companies. By mobilizing balance-sheet assets, CrossLend aims to help banks optimize regulatory capital and increase revenues while reducing capital-requirement pressure. The company is based in Berlin, Germany, and competes in the internet/fintech space. The reported investment was presented in the context of expectations around the EU Capital Markets Union, which could broaden funding channels and cross-border investment. No operating metrics or financial results were disclosed in the article. CrossLend is a Berlin-founded B2B fintech that purchases loans and transforms them into tradable series of notes for investors. Its core product is securitisation-as-a-service, aimed at increasing transparency and liquidity in European debt markets. The company says it is planning to establish a European Debt Exchange to facilitate transparent trading of different forms of debt. ABN AMRO and solarisBank have entered into a strategic partnership with CrossLend, and those banks participated in the recent round. CrossLend raised €14 million in a funding round led by Earlybird Venture Capital and ABN AMRO’s Digital Impact Fund, with participation from solarisBank, Luxembourg Future Fund, and Lakestar. CEO Oliver Schimek framed the work as building a smarter refinancing backend to help banks provide better services and give people more control over their creditworthiness. CrossLend intermediates loans and securitizes them into bonds via a Luxembourg securitization vehicle that investors can access through its platform. The company enables lending banks and alternative lenders to partially offload loans on a single-loan basis. It is led by Oliver Schimek and is authorized and regulated by the CSSF. CrossLend is active in Germany, Spain, the UK and the Netherlands. The company has been financed by venture firms including Lakestar, CME Ventures, Northzone and Atlantic Labs, as well as business angels. Most recently it received an investment from the Luxembourg Future Fund (LFF) and US-based Promus Ventures; the amount of the deal was not disclosed. CrossLend is a Berlin-based fintech that intermediates loans and securitises them into bonds which investors can buy on its platform. The company is led by founder and co-CEO Oliver Schimek. It plans to establish a secondary market in the near future to provide a trading venue for those bonds. The article reports a new investment but does not disclose financial terms. Backers named include CME Ventures and existing investor Lakestar, and the company is also financed by Northzone and Atlantic Labs. CrossLend is active in Germany, Spain, the UK and the Netherlands.

Total raised

$55M

Funding rounds

4

Latest round

Equity

Latest activity

Oct 2019