According to multiple reports, Auxmoney GmbH, a Düsseldorf, Germany-based online peer-to-peer loan marketplace, raised $12m in funding.
Backers included Index Ventures and Union Square Ventures.
The company intends to use the capital for product development and team expansion (read here).
Founded in 2007 by Philipp Kriependorf, Raffael Johnen, and Philip Kamp and led by CEO Says Johnen, auxmoney allows private consumers to borrow from private investors for personal loans between €1k and €20k.
The platform currently has more than 520,000 members with over €43m lent in 10,500 financed projects.
FinSMEs
12/03/2013