BNPP sets up €500m warehouse with German consumer lender

By Tom Brown
13 Nov 2020

Private-equity backed Auxmoney, the largest credit marketplace in Continental Europe, is planning to originate its own equity for consumer loans with the help of BNP Paribas, setting the firm on track to potentially securitize its assets.

BNPP’s investment stretches to €500m, allowing Auxmoney to build up its own marketplace and originate consumer loans in Germany following a proprietary investment.

Founders Johnen, Philipp Kriependorf and Philip Kamp set up Auxmoney in 2007, creating the marketplace to allow private borrowers to secure personal loans funded by ...

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