Failed 2023

    Auxmoney (Down Round)

    Düsseldorf-based P2P consumer-lender Auxmoney conducted layoffs and a flat-to-down round as German interest-rate hikes spiked default rates and crushed P2P-lending economics in 2022-23.

    Founded → Closed

    2007 → 2023

    Funding Raised

    $370M

    Industry

    Fintech/Lending

    Country

    Germany

    Full Analysis

    Auxmoney was Germany's largest P2P consumer-credit marketplace, originating over €4B in loans since 2007. After a Centerbridge-led growth round in 2020, the 2022-23 ECB rate-hike cycle dramatically increased loan defaults while institutional funding partners pulled back. The company executed multiple layoff rounds in 2023 and reportedly accepted a flat-to-down financing. A representative case for the European fintech-lending winter.

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