Düsseldorf/Dublin, 29th April 2022
auxmoney, a leading digital-lending platform for consumer credit in Europe, has been awarded with the GlobalCapital European Securitization Award 2022 in the category “Most Innovative Securitization Deal of the Year”, for its debut social ABS Fortuna 2021 promoting financial inclusion. With the renowned award GlobalCapital recognises outstanding achievements in European Structured Finance.
Daniel Drummer, CFO at auxmoney, states:
“This award is further acknowledgement of our important contribution to promote financial inclusion. With Europe’s first social bond within the fintech industry, auxmoney enables inclusive access to credit for people underserved by traditional institutions. At the same time, we can offer institutional investors the opportunity to invest according to ESG investment criteria.”
Boudewijn Dierick, Managing Director of auxmoney Investments, adds:
“With our social bonds this award honors the innovative strength of a a new product. It is a testimony to our team’s impressive commitment to be recognized for our achievements in European Structured Finance with this award.”
In 2021 auxmoney has successfully placed its first asset-backed security (ABS) with a volume of EUR 250 million. The transaction is labelled “Fortuna 2021 – STS German Consumer ABS”. Proceeds of the issuance are used to fund people who are often inadequately provided with credit by traditional banks.
auxmoney is a leading digital-lending platform for consumer credit in Europe. Through unique risk models and truly digital processes, auxmoney improves access to affordable credit while reducing the risk and cost of lending. auxmoney is at the forefront of promoting and improving financial inclusion.