Press releases

  • Earlybird, ABN AMRO Digital Impact Fund and solarisBank invest in CrossLend
    Berlin, September 6th, 2018
    • The B2B FinTech company CrossLend raises EUR 14m in the recent funding round led by Earlybird Venture Capital and ABN AMRO’s Digital Impact Fund (DIF)
    • Berlin-based banking platform solarisBank has also previously invested in CrossLend
    • Existing investors, including early backer Lakestar and the Luxembourg Future Fund re-invest
    • Besides the investment, solarisBank and ABN AMRO have also entered into strategic partnerships with CrossLend
    • The new investment and the strategic partnerships will further power CrossLend’s growth and accelerate its mission of making the global debt ecosystem more efficient, transparent, and profitable

    CrossLend, a digital marketplace for loans, today announced the closing of a EUR 14m financing round under participation of new investors Earlybird Venture Capital, ABN AMRO’s Digital Impact Fund (DIF), and solarisBank, as well as renewed commitments from existing investors such as the Luxembourg Future Fund and Lakestar.

    ABN AMRO’s investment is part of a strategic partnership with CrossLend. Likewise, Berlin-based solarisBank, which is also backed by venture firm Lakestar, and CrossLend have recently started a cooperation to offer fully digital and automated loan securitization. With both strategic partnerships and the new funding, the only four-year-old company is on its way to establishing a European Debt Exchange.

    “We are extremely proud to have Earlybird, ABN AMRO, and solarisBank joining our existing investor base. We are partnering with precisely the type of investors we need to grow our business further and continue to implement our mission of making the global debt ecosystem more efficient, transparent, and profitable. Our products help banks to regain profitability while simultaneously helping borrowers to access better financing opportunities,” says Oliver Schimek, CEO of CrossLend.

    CrossLend is working in line with the European Commission’s plan to create a European Capital Markets Union that will provide funding flows to address the economy’s needs. Despite several initiatives by the European Commission, significant obstacles to creating an optimized flow of funds remain – CrossLend’s business model aims to remove these hurdles.

    “In the past, most FinTech-driven innovations targeted the interaction between customers and financial products. But we believe that in times of regulatory pressure, a smarter refinancing backend for the European banking industry is urgently required to enable the institutions to provide better services to their customers and at the same time leverage more of their resources. Our vision is to give people more control over the use of their creditworthiness,” adds Oliver Schimek, CEO of CrossLend.

    Christian Nagel, Earlybird partner, comments: “We are excited about CrossLend’s vision to transform from a digital investment bank model to a fully-fledged debt exchange. We strongly believe that their plan to tokenize debt items and hence introduce blockchain-based settlements will lead to more transparent loan books and at the same time more efficient debt capital markets. Global borrowers, regardless if they are SMEs or direct consumers, will benefit as markets will become more liquid. Billions of additional capital for SME financing could be unleashed – solving one of the major global issues in financial markets.”

    Hugo Bongers, Director at ABN AMRO’s Digital Impact Fund, comments: "There is a clear business opportunity in making more capital available for companies via CrossLend’s proven platform that already has significant commercial traction. CrossLend’s digital platform is very efficient in making capital available in cross-border European markets. We believe that this solution will set a possible new industry standard. In addition, this investment further broadens and strengthens our local relationships in Germany, being one of the leading FinTech countries in Europe."

    About CrossLend:

    Founded in Berlin in 2014 in Berlin and Luxembourg, CrossLend is a digital marketplace for loans. As a B2B FinTech company, CrossLend’s mission is to make the global debt ecosystem more efficient, transparent and profitable. By means of an innovative securitisation setup, investors can flexibly build diversified portfolios of loans (via notes) at a pan-European level, with an emphasis on providing risk transparency. On the other hand, loan originators profit from flexible opportunities to scale their lending business – opening up much-needed financing avenues to small and medium-sized businesses across Europe. A win-win-win situation for all. Backed by an array of prestigious equity investors from Europe and the U.S., including Lakestar, CME Ventures, Earlybird, ABN AMRO’s Digital Impact Fund, solarisBank, and the Luxembourg Future Fund, CrossLend plans to establish a European Debt Exchange. In Germany, CrossLend acts as tied agent of FinTech Group Bank AG within the scope of § 2 para. 10 of the German Banking Act.

    www.crosslend.com

    About Earlybird:

    Earlybird is a venture capital investor focused on European technology companies. Founded in 1997, Earlybird invests in all growth and development phases of a company. Amongst the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources, but also strategic and operational support as well as access to an international network and capital markets. Earlybird manages different funds with focuses on digital technologies in Eastern and Western Europe as well as health technologies. With over EUR 1 billion under management, seven IPOs and, 22 trade sales, Earlybird is one of the most successful venture capital firms in Europe.

    For further information:

    www.earlybird.com

    Twitter: http://www.twitter.com/EarlybirdVC

    LinkedIn: www.linkedin.com/company/earlybird-venture-capital or

    Facebook: www.facebook.com/EarlybirdVC

    About solarisBank:

    solarisBank is the first banking platform with a full banking license which enables companies to offer their own financial products. Through APIs, partners gain access to solarisBank’s modular services including payments and e-money, lending, digital banking as well as services provided by integrated third party providers. Through this, solarisBank creates a highly developed technological banking ecosystem for FinTechs, established digital companies, as well as banks and corporates.

    The Berlin-based company was founded back in 2016 and is led by CEO Dr. Roland Folz, board members Marko Wenthin and Andreas Bittner, as well as CFO Alexander Engel and CPO Dr. Jörg Howein. To date, solarisBank has raised more than EUR 95m from renowned investors, including BBVA, Visa, Lakestar, ABN AMRO’s Digital Impact Fund, Arvato Financial Solutions, SBI Group, Finleap and yabeo.

    www.solarisbank.de

    About ABN Amro Digital Impact Fund:

    ABN AMRO's Digital Impact Fund (DIF) is our corporate venture capital fund specifically for FinTech. ABN AMRO uses this fund for our strategic investments in innovative startups and scale-ups that digitalise financial products and services. Besides CrossLend, the fund has six other portfolio companies: German based solarisBank, Dutch Ockto, US Cloud Lending Solutions and BehavioSec, Tink in Sweden and blockchain initiatief in trade & commodity finance.

    www.abnamro.nl

    About Lakestar:

    Lakestar is one of Europe's leading venture capital firms investing in technology companies led by exceptional entrepreneurs. Early investments included Skype, Spotify, Facebook and airbnb. Since raising their last two funds with an aggregate volume of approx. EUR 500m in 2013 and 2015, Lakestar has expanded and broadened their portfolio, with more recent investments in Harry's, Opendoor, Blockchain.com, GoEuro, FiveAI and Revolut. Lakestar has presence in Berlin, Zurich and London.

    Lakestar helps companies to identify new markets and expand into them rapidly, with a focus on the US and Europe. They advise and support portfolio companies in business development, recruitment, technology and marketing. The investments range from early stage companies to those in their growth stage.

    Earlybird, ABN AMRO Digital Impact Fund und solarisBank investieren in CrossLend
    Berlin, 06. September 2018
    • Das B2B-FinTech CrossLend erhält 14 Millionen Euro in der jüngsten Finanzierungsrunde, angeführt von Earlybird Venture Capital und dem Digital Impact Fund (DIF) von ABN AMRO
    • Die berliner solarisBank investierte bereits zuvor in CrossLend
    • Bestehende Investoren wie die frühen Förderer Lakestar und Luxembourg Future Fund investieren erneut
    • solarisBank und ABN AMRO schließen zusätzlich zum Investment strategische Partnerschaften mit CrossLend
    • Das neue Funding und die strategischen Partnerschaften sollen das Wachstum von CrossLend weiter vorantreiben und die Mission des FinTechs beschleunigen, den weltweiten Kreditmarkt effizienter, transparenter und rentabler zu machen

    CrossLend, ein digitaler Kreditmarktplatz aus Berlin und Luxembourg, hat heute den erfolgreichen Abschluss einer 14-Millionen-Euro-Finanzierungsrunde unter Beteiligung der neuen Investoren Earlybird Venture Capital, ABN AMRO Digital Impact Fund (DIF) und der solarisBank verkündet. Darüber hinaus haben sich auch bestehende Investoren wie Lakestar und der Luxembourg Future Fund erneut an dem Funding beteiligt.

    Das Investment von ABN AMRO geschieht im Rahmen einer strategischen Partnerschaft, die mit CrossLend aufgebaut werden soll. Auch mit der in Berlin ansässigen solarisBank, an der ebenfalls Lakestar beteiligt ist, arbeitet CrossLend mittlerweile eng zusammen. Gemeinsam wollen die beiden Unternehmen eine vollständig digitale und automatisierte Kreditverbriefung anbieten. Mithilfe der neuen Finanzierung sowie der strategischen Partnernschaften ist das nur vier Jahre alte FinTech auf einem guten Weg eine „European Debt Exchange“ aufzubauen, über die Kredite aller Art zwischen Finanzinstituten gehandelt werden können.

    „Wir sind sehr stolz darauf, dass wir mit Earlybird, ABN AMRO und der solarisBank genau die Investoren gewinnen konnten, die wir für das Wachstum unseres Geschäfts benötigen und mit denen wir zusammen den weltweiten Kreditmarkt effizienter, transparenter und rentabler machen können“, erklärt Oliver Schimek, Gründer und Geschäftsführer von CrossLend. „Mit unseren Produkten können wir Banken helfen, die Rentabilität im Kerngeschäft zu verbessern. Gleichzeitig erreichen wir für Kreditnehmer einen besseren Zugang zu Finanzierungsmöglichkeiten“, so Schimek weiter.

    CrossLend arbeitet mit der Entwicklung eines Marktplatzes im Einklang mit den Plänen der EU Kommission zur Schaffung einer Europäischen Kapitalmarktunion, die über die Ländergrenzen hinweg den Kapitalfluss zur Unternehmensfinanzierung nachhaltig verbessern soll. Trotz vielschichtiger Initiativen der EU Kommission gibt es im Markt nach wie vor signifikante Hürden, die den Kapitalfluss behindern – das Geschäftsmodell von CrossLend zielt darauf ab, diese Hürden zu beseitigen.

    „In der Vergangenheit waren die meisten von FinTechs entwickelten Innovationen auf die Interaktion zwischen Kunde und Finanzprodukt ausgerichtet. Wir glauben jedoch, dass die europäischen Banken in Zeiten hohen regulatorischen Drucks eine smartere und vernetzte Refinanzierungs-Infrastruktur benötigen. So können die Institute ihren Kunden bessere Dienstleistungen anbieten und gleichzeitig einen größeren Teil ihrer Ressourcen nutzen. Unsere Vision ist es, den Menschen mehr Kontrolle über die Verwendung ihrer eigenen Bonität in die Hand zu geben“, so Oliver Schimek.

    Christian Nagel, Partner bei Earlybird, kommentiert: „Die Vision von CrossLend, sich vom Modell einer digitalen Investmentbank in eine vollwertige Debt Exchange zu entwickeln, finden wir äußerst spannend. Wir sind überzeugt, dass der Plan des Teams, Kredite langfristig über eine Blockchain-Infrastruktur zu handeln, zu mehr Transparenz in den Kreditbüchern der Institute, sowie zu einem effizienteren Kapitalmarkt führen wird. Kreditnehmer, sowohl Konsumenten als auch mittelständische Unternehmen, werden weltweit davon profitieren, wenn Märkte auf diese Weise liquider werden. Damit könnten Milliarden von zusätzlichem Kapital für Finanzierungen von kleinen und mittleren Unternehmen (KMU) in den Markt fließen und somit eines der größten globalen Probleme der Finanzmärkte lösen.“

    Hugo Bongers, Director vom ABN AMRO Digital Impact Fund kommentiert: „Es gibt hier einen klaren öknomischen Nutzen, wenn über CrossLends Plattform mehr Geld für Firmenfinanzierung verfügbar wird. Die Funktion der Plattform ist erwiesen und es gibt bereits signifikante kommerzielle Erfolge. CrossLends digitale Plattform ist sehr effizient, wenn es darum geht, Kapital über die europäischen Grenzen hinweg verfügbar zu machen. Wir glauben daran, dass dieses Konzept einen möglichen neuen Industriestandard setzen wird. Zusätzlich stärkt und verbreitert dieses Investment unsere lokalen Verbindungen in Deutschland, welches eines der führenden FinTech-Länder in Europa ist.“

    Über CrossLend

    CrossLend ist ein digitaler Marktplatz für Kredite, der 2014 mit Sitz in Berlin und Luxembourg gegründet wurde. Das B2B-FinTech-Unternehmen hat es sich zur Aufgabe gemacht, den weltweiten Kreditmarkt effizienter, transparenter und profitabler zu machen. Die innovative Verbriefungsstruktur von CrossLend ermöglicht es Investoren, diversifizierte Kreditportfolios (via Notes) über die europäischen Grenzen hinweg aufzubauen und legt dabei den Fokus auf Risikotransparenz. Auf der anderen Seite profitieren Kreditgeber von flexiblen Möglichkeiten ihr Kreditgeschäft zu skalieren. Dadurch werden klein- und mittelständischen Unternehmen in ganz Europa dringend benötigte neue Finanzierungswege eröffnet. Eine Win-Win-Win-Situation für alle Beteiligten. Unterstützt durch sehr bekannte Investoren aus Europa und den USA, einschließlich Lakestar, CME Ventures, Earlybird, dem Digital Impact Fund von ABN AMRO, solarisBank und dem Luxembourg Future Fund, plant CrossLend die Einführung einer „European Debt Exchange“. In Deutschland aggiert CrossLend im Rahmen des § 2 Abs. 10 des deutschen Kreditwesengesetzes als gebundener Vermittler der FinTech Group Bank AG.

    www.crosslend.com

    Über Earlybird

    Earlybird ist ein Venture-Capital-Investor mit Fokus auf Technologieunternehmen in Europa. Der 1997 gegründete Kapitalgeber konzentriert sich auf Investments in verschiedenen Wachstumsphasen der Unternehmensentwicklung und bietet seinen Portfoliounternehmen nicht nur finanzielle Mittel, sondern auch strategische und operative Unterstützung sowie den Zugang zu einem internationalen Netzwerk und zum Kapitalmarkt. Earlybird verwaltet Fonds in den Bereichen digitale Technologien in Ost- und Westeuropa, sowie in Health Technologies. Mit einem verwalteten Kapital von über 1 Mrd. Euro, sieben Börsengängen sowie 22 Trade Sales zählt Earlybird zu den erfahrensten und erfolgreichsten europäischen Wagniskapitalgebern.

    Weitere Informationen auf:

    www.earlybird.com

    Twitter: http://www.twitter.com/EarlybirdVC

    LinkedIn: www.linkedin.com/company/earlybird-venture-capital oder

    Facebook: www.facebook.com/EarlybirdVC

    Über solarisBank:

    Die solarisBank ist die erste Banking Plattform mit Vollbanklizenz, die Unternehmen ermöglicht, eigene Finanzprodukte anzubieten. Partner der solarisBank können per API-Anbindung an die Plattform nicht nur die solarisBank-Produkte im Bereich Payments, Kreditgeschäft sowie Digital Banking sondern auch Services von auf der Plattform integrierten Drittanbietern beziehen. Dadurch kreiert die solarisBank ein technologisch hochentwickeltes Banking-Ökosystem für Fintechs, etablierte Digitalunternehmen sowie Banken und Corporates. Das in Berlin ansässige Unternehmen wurde 2016 gegründet und wird von dem Vorstandsvorsitzenden Roland Folz, den Vorständen Jörg Diewald, Marko Wenthin und Andreas Bittner sowie CFO Alexander Engel und CPO Jörg Howein geführt. Insgesamt haben namhafte Investoren wie BBVA, Visa, Lakestar, ABN Amros Digital Impact Fund, Arvato Financial Solutions, SBI Group, Finleap oder yabeo über 95 Millionen Euro in das Unternehmen investiert.

    www.solarisbank.de

    Über ABN AMRO:

    ABN AMRO´s Digital Impact Fund (DIF) ist ein auf Fintech-Unternehmen spezialisierter Venture Capital Fonds. ABN AMRO nutzt diesen Fonds für strategische Investments in innovative Startups und Scale-ups, die Finanzprodukte und –dienstleistungen digitalisieren. Neben CrossLend ist der Fonds in sechs weiteren Unternehmen investiert: Die deutsche solarisBank, das holländische Unternehmen Ockto, in den USA Cloud Lending Solutions and BehavioSec, Tink in Schweden und blockchain initiatief in trade & commodity finance.

    www.abnamro.nl

    Über Lakestar:

    Lakestar ist ein führendes Venture Capital Unternehmen mit frühen Investments in Skype, Spotify, Facebook und airbnb. Das Portfolio wurde in jüngerer Vergangenheit erweitert um Harry’s, Opendoor, Blockchain.com, GoEuro, FiveAI und Revolut. Lakestar hilft Unternehmen neue Märkte zu identifizieren und schnell in diesen zu wachsen. Der Fokus liegt hierbei auf Europa und den USA. Die Portfoliounternehmen werden aktiv im Business Development, bei der Personalgewinnung, Technologie sowie beim Marketing beraten und unterstützt. Lakestar begleitet Technologieunternehmen von der Früh- bis in die Wachstumsphase.

  • CrossLend and BCEE announce collaboration
    Luxembourg, 18 June 2018

    Banque et Caisse d’Epargne de l’Etat, Luxembourg (“BCEE”) and CrossLend have launched a collaboration, whereby BCEE is acting as an issuing agent and paying agent for notes issued by CrossLend. Taking advantage of CrossLend’s innovative loan securitisation product, the Luxembourg based bank, rich in heritage, will continue to expand its presence in the securitisation market, enabling institutional investors to invest into cleared securities backed by pan-European loan products or other eligible assets in multiple currencies.

    This collaboration was announced on the evening of May 31st 2018, at BCEE’s evening event “At the heart of Luxembourg’s Financial Centre: Luxembourg securitisation – an efficient tool for structuring”, which was well attended by 200 representatives of Luxembourg’s financial community. The evening event included presentations from PwC, Allen & Overy, Universal Investments and CrossLend. All centred around securitisation under the Luxembourg Law of 2004.

    CEO & Founder of CrossLend, Oliver Schimek: “This partnership solidifies our presence in Luxembourg and adds a further stable and long-term partner to our business. BCEE, one of the most prestigious financial institutions in Europe, and of such great importance locally, has again proven to us that we have a great deal of support from the Luxembourg ecosystem – coming after two investments from the Luxembourg Future Fund.”

    Head of Institutional Relationship Management at BCEE, Alain Uhres, said: “Cooperating with CrossLend is yet another way in which we are supporting our institutional clients and Luxembourg’s securitisation market. I think that securitisation is a growing market in Luxembourg and that a legal framework exists ensuring legal certainty, which is of the utmost importance for investors. BCEE has always supported the Luxembourg economy and this most recent collaboration is further evidence of this.”

    About CrossLend

    CrossLend is a B2B FinTech company with a mission to make the European debt ecosystem more efficient, transparent and profitable. CrossLend provides securitisation as a service, transforming loans into notes on a flexible and transparent basis.

    CrossLend’s innovative securitisation setup allows investors to build diversified portfolios of loans (via notes) at a pan-European level, with an emphasis on providing risk transparency. On the other side of the coin, loan originators profit from flexible opportunities to scale their lending business – opening up much-needed financing avenues to small and medium-sized businesses across Europe. A win-win-win situation for all.

    Backed by an array of prestigious equity investors from Europe and the U.S., including Lakestar, CME Ventures and the Luxembourg Future Fund, CrossLend plans to establish a European Debt Exchange. In Germany, CrossLend acts as tied agent of FinTech Group Bank AG within the scope of § 2 para. 10 of the German Banking Act.

    CrossLend was founded in Berlin in 2014 and, in 2015, incorporated a fully CSSF-regulated securitisation vehicle, CrossLend Securities SA. After securing an investment from the Luxembourg Future Fund in 2017, (backed by, amongst others, the Société Nationale de Crédit et d’Investissement and the European Investment Fund), the company opened a Luxembourg office on Boulevard Royal which currently has 8 employees.

    About BCEE

    BCEE was founded in 1856. Throughout its more than 160 years of existence, the main concern of Banque et Caisse d’Epargne de l’Etat, Luxembourg (BCEE) has always been to meet the demands of its customers and of the national economy.

    Today, it is both the Luxembourg bank par excellence and a full-service bank, recognised throughout the world for its results and its dependability. Its sound financial standing, as well as that of its sole shareholder, the Luxembourg State (AAA rated), are the reasons why the international rating agencies Standard & Poor’s and Moody’s have awarded it ratings of AA+ and Aa2 respectively (Long Term Deposit Range). BCEE has been ranked among the 10 safest banks in the world in 2017 by Global Finance Magazine.

    Committed to Luxembourg and to its customers, BCEE has increased its institutional business in recent years, and intends to further develop its activity as a service provider in the securitisation market.

    CrossLend und die luxemburgische Sparkasse BCEE geben Kooperation bekannt
    Luxemburg, 18. Juni 2018

    Die Banque et Caisse d’Epargne de l’Etat, Luxemburg (“BCEE”) und CrossLend haben eine Kooperation gestartet, wodurch die BCEE Emissions- und Zahlstelle für die von CrossLend begebenen Schuldverschreibungen wird. Mittels der innovativen Kredit-Verbriefungs-Plattform von CrossLend, wird die traditionsreiche Bank mit Sitz in Luxemburg ihr Dienstleistungsangebot für institutionelle Investoren ausbauen. Die BCEE wird diesen zukünftig anbieten können in clearing-fähige Wertpapiere zu investieren, die auf europäischen Kreditangeboten oder anderen geeigneten Vermögenswerten in vielerlei Währungen basieren.

    Die Zusammenarbeit wurde am Abend des 31.5.2018 während BCEEs, von mehr als 200 Vertretern der luxemburgischen Finanzszene besuchten, Abendveranstaltung “Im Herzen von Luxemburgs Finanzzentrum: Verbriefung in Luxemburg – eine effiziente Form der Strukturierung.” verkündet. Die Abendveranstaltung beinhaltete Präsentationen von PwC, Allen & Overy, Universal Investment und CrossLend. Im Mittelpunkt stand jeweils die Verbriefung nach luxemburgischen Recht von 2004.

    CEO und Gründer von CrossLend, Oliver Schimek: “Diese Partnerschaft festigt unsere Präsenz in Luxemburg und ergänzt unsere Geschäftstätigkeit um einen langfristigen soliden Geschäftspartner. BCEE, eine der renommiertesten Finanzinstitute Europas, und von so großer Bedeutung im eigenen Land, hat uns gegenüber erneut bewiesen welche umfangreiche Unterstützung wir am Finanzplatz Luxemburg, ausgehende von zwei Investments des Luxembourg Future Fund, erhalten.”

    Alain Uhres, Head of Institutional Relationship Management bei BCEE, sagte: “Indem wir mit CrossLend kooperieren unterstützen wir unsere institutionellen Kunden und Luxemburgs Verbriefungsmarkt. Ich glaube, dass die Verbriefung ein wachsender Markt für Luxemburg ist und dass es einen gesetzlichen Rahmen gibt, der Rechtssicherheit bietet – dies ist für Investoren von höchster Wichtigkeit. BCEE hat in der Geschichte stets die Wirtschaft Luxemburgs unterstützt. Diese jüngste Kooperation ist hierfür ein weiterer Beweis.”

    Über CrossLend

    CrossLend ist ein B2B FinTech-Unternehmen mit der Mission, das europäische Ökosystem für die Kreditvergabe effizienter, transparenter und ertragreicher zu machen. CrossLend bietet Verbriefung als eine Dienstleistung an, indem Kredite auf flexible und transparente Art und Weise in Schuldverschreibungen umgewandelt werden.

    CrossLends innovative Verbriefungsstruktur ermöglicht Investoren auf europäischer Ebene den Aufbau diversifizierter Portfolien von Krediten (über Schuldverschreibungen). Hierbei wird großer Wert darauf gelegt, beinhaltete Risiken transparent zu machen. Auf der anderen Seite profitieren Kreditgeber von flexiblen Gelegenheiten ihre Kreditvergabe auszudehnen. Hieraus eröffnen sich für kleinere und mittelgroße Unternehmen in ganz Europa dringend benötigte Möglichkeiten der Finanzierung. Eine win-win-win Situation für alle.

    Unterstützt von einer Reihe namhafter Eigenkapitalinvestoren aus Europa und den USA, darunter Lakestar, CME Ventures und der Luxembourg Future Fund, plant CrossLend die Gründung einer europäischen Börse für Kredite. In Deutschland agiert CrossLend, basierend auf § 2 Absatz 10 des Kreditwesengesetzes als gebundener Vermittler der FinTech Group Bank AG.

    CrossLend wurde 2014 in Berlin gegründet und errichtete in 2015 ein vollständig von der CSSF reguliertes Verbriefungsvehikel, die CrossLend Securities SA. Nachdem 2017 der Luxembourg Future Fund ein erstes Investment getätigt hatte (u.a. unterstützt von der Société Nationale de Crédit et d’Investissement sowie dem European Investment Fund), eröffnete die Gesellschaft am Boulevard Royal einen weiteren Standort.

    Über BCEE

    BCEE wurde 1856 gegründet. Während seiner mehr als 160 Jahre währenden Geschäftstätigkeit war die Befriedigung der Bedürfnisse ihrer Kunden sowie der nationalen Wirtschaft stets das zentrale Anliegen der Banque et Caisse d’Epargne de l’Etat, Luxembourg (BCEE).

    Heute ist sie beides – luxemburger Bank höchsten Formats und eine Vollbank, weltweit für ihre Resultate und Stabilität geschätzt. Ihre makellose Kreditwürdigkeit sowie die ihres alleinigen Eigentümers, des Staates Luxemburg (AAA geratet), sind die Gründe warum die internationalen Ratingagenturen Standard & Poor’s und Moody’s ihr die Ratings AA+ und Aa2 (Long Term Deposit Range) verliehen haben. Das Global Finance Magazine hat BCEE 2017 als eine der 10 sichersten Banken der Welt ausgezeichnet.

    Dem Land Luxemburg und seinen Kunden verpflichtet, hat BCEE das institutionelle Geschäft in den zurückliegenden Jahren ausgebaut und beabsichtigt seine Tätigkeiten als Anbieter von Dienstleistungen im Verbriefungsmarkt weiterzuentwickeln.

  • CrossLend conference focused on the role of FinTech and securitisation with the Minister of Finance, Pierre Gramegna, hosted at BGL BNP Paribas
    Luxembourg, Friday, 2nd March 2018

    On Thursday, 22nd February, CrossLend, with the support of the lux future lab and the LHoFT Foundation, held a conference titled “The Role of Luxembourg & FinTech in Securitisation” at the BGL BNP Paribas Auditorium, with more than 350 registered guests, among them banking executives, institutional investors, and securitisation professionals.

    After a welcome note from Olivier Selis, CEO of the lux future lab, Laure Morsy, COO of BGL BNP Paribas explained how the bank is supporting FinTech Innovation. Ms. Morsy added a personal note in support of CrossLend’s innovative approach to bridging the SME funding gap in Europe.

    Alex Lawrence, Managing Director of CrossLend in Luxembourg, then presented the company in a nutshell, focusing on how CrossLend’s business model aligns with the EU Commission’s plan to facilitate funding Europe’s collective future growth via a Capital Markets Union (“CMU”). The Commission has clear objectives to remove barriers to cross-border investment, to improve access to business-financing across Europe, to diversify how the various EU member states fund their respective economies and to develop various “high-quality” securitisation products with transparent and easy-to-understand structures. These objectives not only align with the potential inherent in CrossLend’s innovative securitisation solution, they also resonate with previous statements made by Pierre Gramegna, Luxembourg’s Minister of Finance, that the CMU is “of the utmost importance” and that progress based on “transparent, simpler and better securitisations” needs to be made as quickly as possible.

    Alex Panican, Head of Partnerships and Ecosystem at the LHoFT, moderated the subsequent panel discussion, titled “FinTech - a New Era for Securitisation”, with Oliver Schimek, CEO of CrossLend, Mark Schmitz, General Partner at Lakestar, Cees Vermaas former CEO of CME Europe, Juha Lehtola, VC Investments Manager at the European Investment Fund and Holger von Keutz, Partner and Securitisation Leader at PwC. The open discussion covered a wide range of topics, spanning from Luxembourg as a FinTech hub and startup nation to CrossLend’s role in supporting the CMU vision and BGL BNP Paribas’ role supporting the FinTech ecosystem in Luxembourg.

    The evening was concluded with a speech from honoured guest, H.E. Pierre Gramegna, Luxembourg’s Minister of Finance, discussing the diversity of Luxembourg’s FinTech ecosystem and the range of services offered by Luxembourg’s financial market. Mr. Gramegna is a staunch promoter of FinTech in Luxembourg and has been a strong supporter of the CrossLend journey.

    Pierre Gramegna, Minister of Finance, Luxembourg declared:

    “Oliver Schimek, it is a pleasure to see you again, now in Luxembourg, after we met together in December in Berlin, where I got to know CrossLend, which we are celebrating here today as it opens its office in Luxembourg They’ve chosen Luxembourg because, in terms of securitisation, we are the leader in Europe with 1,200 vehicles [...] and we can be proud of that [...]. Congratulations to CrossLend and all the best of success here in Luxembourg.”

    Laure Morsy, COO of BGL BNP Paribas commented:

    “What CrossLend intends to do is really to put on the table the topic of creating a European Capital Market, and this is [...] a good reason to support the project [...] these are the topics of tomorrow, and we should give the means and attention to this issue [...]. I strongly support their project”.

    Oliver Schimek, CEO & Founder of CrossLend commented:

    “It was a fantastic turn out and great to see more than 350 people registering from throughout the Luxembourg ecosystem and beyond - big names from across the industry, interested in the Capital Markets Union, funding for SMEs, and CrossLend in particular. CrossLend’s mission is to make the debt ecosystem more efficient, transparent and profitable - and Luxembourg is the perfect place to achieve that.”

    Olivier Selis, CEO of the Lux Future Lab commented:

    “Over the last 5 years, we saw the Luxembourgish startups - and particularly the FinTech ecosystem - growing rapidly. It is very exciting to be part of this community and support a promising company such as CrossLend. By helping lenders to diversify and mitigate their risk at the single loan level, CrossLend will allow funds to flow to the real economy and unleash the true European economic potential.”

    Alex Panican, Head of Partnerships and Ecosystem at the LHoFT added:

    “We at the LHoFT are thrilled to support CrossLend’s development - a promising FinTech company, revolutionising Europe’s lending market. CrossLend is a concrete example of how financial technology innovation benefits not only the industry but our daily life.”

    Cees Vermaas, previous CEO CME Europe:

    “This technology opens new frontiers to overcome the obstacle for borrowers of a fragmented European capital market”

    About CrossLend

    CrossLend is a B2B FinTech company with a mission to make the European debt ecosystem more efficient, transparent and profitable. CrossLend provides securitisation as a service, transforming loans into notes on a flexible and transparent basis.

    CrossLend’s innovative securitisation setup allows investors to build diversified portfolios of loans (via notes) at a pan-European level, with an emphasis on providing risk transparency. On the other side of the coin, loan originators profit from flexible opportunities to scale their lending business - opening up much-needed financing avenues to small and medium-sized businesses across Europe. A win-win-win situation for all.

    Backed by an array of prestigious equity investors from Europe and the U.S. like Lakestar, CME Ventures and the Luxembourg Future Fund, CrossLend plans to establish a European Debt Exchange. In Germany, CrossLend acts as tied agent of FinTech Group Bank AG within the scope of § 2 para. 10 of the German Banking Act.

    About the LHoFT Foundation

    The LHoFT Foundation is a public - private sector initiative that drives technology innovation for Luxembourg’s Financial Services industry, connecting the domestic and international FinTech community to develop solutions that shape the world of tomorrow. The other partners of the LHoFT initiative are the Chamber of Commerce, the City of Luxembourg and the University of Luxembourg; the initiative is supported by the Ministry of Finance, the Ministry of Economy and the Ministry of State.

    About lux Future Lab

    The lux future lab is an incubator powered by BGL BNP Paribas and supports individuals at the crossroads of their professional development to improve their skills and move forward with their entrepreneurial ideas. To support their growth, the lab provides facilities, educational resources, professional services and networking opportunities. Located in the heart of Luxembourg, the lab promotes the advancement of business expertise, education and projects in an interactive and dynamic environment.

  • CrossLend and Banco BNI Europa announce cooperation
    Berlin, 14 February 2018

    Banco BNI Europa and CrossLend have launched a cooperation whereby Banco BNI Europa invests into notes issued by CrossLend Securities SA. In this way, the FinTech-oriented bank will expand its investment into pan-European loan products, taking advantage of CrossLend’s innovative whole loan securitisation product.

    “Using the CrossLend platform as a means to easily diversify our European portfolio in a standardised way has advantages for us over direct loan investments, in several ways. As a FinTech-driven bank, we seek to position ourselves in the most scaleable way. With its tech-driven securitisation product, CrossLend supports our growth and diversification. Over the last few years, we have successfully built a network of FinTech partnerships, in order to benefit from the speedy developments in the financial ecosystem in the smartest possible way. We also aim to expand our partnership with CrossLend in the near future,” says Pedro Pinto Coelho, CEO of Banco BNI Europa.

    “We are very appreciative of the partnership with Banco BNI Europa. They are a great example of a highly efficient, modern bank. CrossLend aims to act as a partner to banks looking to actively manage their balance sheet, either by buying or selling exposure to loans. To investors, we can offer a broad selection of investable assets. Onboarding Banco BNI Europa as a further partner on our platform is confirmation of the value we can bring to establishedfinancial institutions,” states Oliver Schimek, CEO of CrossLend GmbH.

    Banco BNI Europa has established several partnerships with European FinTech leaders across the continent and is now a key international player in the alternative finance sector. The bank showed growth of 141 per cent at the end of 2017, bringing its total assets over 500 million euro. Banco BNI Europa cited its focus on “innovative products” as a reason for its improved performance.

    About CrossLend

    CrossLend’s innovative, tech-enabled securitisation setup allows investors to build diversified portfolios of loans via notes in a flexible way at a pan-European level, while enjoying greater risk transparency.

    On the other side of the coin, loan originators can leverage their excess lending capacity and optimise their profit. A win-win situation for all. Forms of debt securitised by CrossLend include SME loans, consumer loans and mortgages.

    Backed by an array of prestigious equity investors from Europe and the U.S., including Lakestar, CME, the Luxembourg Future Fund, CrossLend plans to establish an international exchange where various forms of debt can be bought and sold. In Germany, CrossLend acts as tied agent of FinTech Group Bank AG within the scope of § 2 para. 10 of the German Banking Act.

    About Banco BNI Europa

    Banco BNI Europa was launched in July 2014 and is Portugal’s fastest growing, purely digital bank. Banco BNI Europa aims to challenge the traditional banking sector through strategic partnerships with fast-moving FinTech companies, enabling them to launch new products employing the most advanced technology in terms of risk analysis, consumer experience and rapid market entry. This strategic orientation furthermore allows the Bank to identify itself as a “Challenger Bank”, drawing on the logic of open architecture and differentiation. This positioning also allows Banco BNI Europa to stand out as a benchmark in the new generation of European FinTech banks and move forward with significant growth rates.

  • Luxembourg Future Fund and Promus Ventures invest in CrossLend
    Berlin, 10.04.2017

    Berlin-based FinTech CrossLend (www.crosslend.com) has attracted further prominent investors. The company announced investments from the LFF (Luxembourg Future Fund) and US-based Fund Promus Ventures.

    The Luxembourg Future Fund, which is set up by the European Investment Fund, part of the European Investment Bank group, and Société Nationale de Crédit et d’Investissement (SNCI), a public-law banking institution specialized in medium and long term financing of Luxembourg based companies, decided to invest in CrossLend, due to the Start-up’s potential impact on the Luxembourg financial landscape, among other factors.

    Promus Ventures is a venture capital firm based in Chicago investing in visionary software and hardware companies mostly in the U.S. and Europe. The firm has invested in more than 55 private technology companies, including areas such as artificial intelligence, space, robotics, machine learning, computer vision, VR/AR, connected car, healthtech, fintech, insurance, and others. Promus Ventures focuses mostly on early seed and Series A stage rounds and has invested in such innovative companies as Kensho, Spire, Navdy, AngelList, Mapbox, Rocket Lab, Airware, Layer, June, Swift Navigation, Whoop, CrowdFlower and others.

    CrossLend has pioneered the securitisation of individual loans into bonds via a Luxembourg securitisation vehicle. CrossLend is authorized and regulated by the CSSF.

    CrossLend helps lending banks or alternative lenders by allowing them to partially offload loans via the CrossLend platform on a single loan basis. This way banks can shrink their balance sheets. Investors can invest in the bonds via the CrossLend platform and thus co-invest into the banks’ origination. Tighter equity regulations are increasingly reducing banks’ lending capacities, with the result that ever more loan requests are rejected although the respective borrowers have sufficient credit worthiness. While banks gain stability through these measures, the European economy is weakened - as middle-market companies in particular are in need of loans. At the same time, institutional investors lack access to adequate fixed-income investments. The EU Commission has already pinpointed the problem with its call for the creation of a capital market union. “CrossLend wants to help creating such a capital market, by making it possible for investors to join forces with banks to invest in their loans,” explains Oliver Schimek, founder and co-CEO at CrossLend.

    “To achieve this goal, we’ve created a platform that enables investments in securitised individual loans. In doing so, we are making banks P2P-capable, while merging the advantages of the P2P approach with banks’ traditional strengths - relationships and data.” CrossLend chose Luxembourg as its regulatory home, because Luxembourg is very financial services oriented, naturally international, very open minded towards digitalization and FinTech and very supportive of Start-ups in general. CrossLend is establishing a permanent presence in Luxembourg in order to leverage the well-developed financial services ecosystem, as well as the high level of innovation at professional andacademic institutions.

    The Chief Executive of EIF, Pier Luigi Gilibert comments: “CrossLend is a most interesting co-investment which will help to strengthen the Fintech industry via the Luxembourg Future Fund. The company’s innovative setup for securitising individual loans is effectively creating a new asset class which is very promising. We are excited about helping CrossLend to establish itself as a player in Luxembourg with the prospect of assuming an important role in the European debt capital market.”

    The Chairman of LFF, Patrick Nickels said: “The Luxembourg Future Fund aims to stimulate the diversification and sustainable development of the Luxembourg economy. This innovative company fits exactly into the scope of our strategic sectors, for example the ICT sector in general, and the Fintech sector in particular.”

    Mike Collett, Managing Partner at Promus Ventures, comments on the investment in CrossLend: “As a USbased Venture Capital firm it is often challenging to assess opportunities which innovate in a highly regulated industry in Europe. We are certain that CrossLend can become a game changer in the European and global financial eco-system. CrossLend has the right team to execute its truly grand vision.”

    About CrossLend

    CrossLend intermediates loans and securitises them into bonds, in which investors can invest via the CrossLend platform. The advantages of single loan securitisation: pan-European investments are possible by means of a uniform securities structure, and can be broadly diversified at a supranational level. A secondary market to be established in the near future will provide a trading venue for the bonds. In addition to the LFF, CME Ventures and Lakestar, CrossLend is financed by several other well-known venture capital companies and business angels - including Northzone and Atlantic Labs. CrossLend is currently active in Germany, Spain, the UK and the Netherlands.

  • CrossLend Secures New Investor: CME Ventures
    Berlin, February 9th 2017

    All signs point towards growth: Berlin-based FinTech CrossLend (www.crosslend.com) has found a further prominent investor in CME Ventures, the venture capital investment arm of Chicago-based CME Group. CME Ventures is the latest investor to support CrossLend’s pioneering approach to securitising individual loans into bonds, which both private and institutional investors can then invest in via the CrossLend platform. Lending banks in particular stand to profit from CrossLend’s approach, unique in Europe, as the company also securitises loans originated by third-parties, helping free up banks’ balance sheets. Additionally, CrossLend has received a further injection of capital from its long-standing investor, Lakestar.

    Tighter equity regulations are increasingly reducing banks’ lending capacities, with the result that ever more loan requests are rejected. While banks gain stability through these measures, the European economy is weakened - as middle-market companies in particular are in need of loans. At the same time, institutional investors lack adequate access to fixed-income investments. The EU Commission has already pinpointed the problem with its call for creation of a capital market union. “CrossLend wants to help create such a capital market, by making it possible for investors to join forces with banks to invest in loans,” explains Oliver Schimek, founder and co-CEO at CrossLend. “To achieve this goal, we’ve created a platform that enables investment in securitised individual loans. In doing so, we are making banks P2P-capable, while merging the advantages of the P2P approach with banks’ traditional strengths - relationships and data.”

    According to Rumi Morales, Executive Director of CME Ventures: “CrossLend is our first European investment and the company’s innovative setup for securitising individual loans and making them tradable in the future over a public exchange holds a lot of promise. We appreciate the deep industry experience of the management team, their approach of working with regulators, and the potential for CrossLend to facilitate a closer capital markets union in Europe.”

    About CrossLend

    CrossLend intermediates loans and securitises them into bonds, in which investors can invest via the CrossLend platform. The advantages of single loan securitisation: pan-European investments are made possible by means of a uniform securities structure, and can also be broadly diversified at a supranational level.

    A secondary market to be established in the near future will provide a trading venue for the bonds. In addition to CME Ventures and Lakestar, CrossLend is financed by several other well-known venture capital companies and business angels - including Northzone and Atlantic Labs. CrossLend is currently active in Germany, Spain, the UK and the Netherlands.

Earlybird, ABN AMRO Digital Impact Fund and solarisBank invest in CrossLend
Berlin, September 6th, 2018
  • The B2B FinTech company CrossLend raises EUR 14m in the recent funding round led by Earlybird Venture Capital and ABN AMRO’s Digital Impact Fund (DIF)
  • Berlin-based banking platform solarisBank has also previously invested in CrossLend
  • Existing investors, including early backer Lakestar and the Luxembourg Future Fund re-invest
  • Besides the investment, solarisBank and ABN AMRO have also entered into strategic partnerships with CrossLend
  • The new investment and the strategic partnerships will further power CrossLend’s growth and accelerate its mission of making the global debt ecosystem more efficient, transparent, and profitable

CrossLend, a digital marketplace for loans, today announced the closing of a EUR 14m financing round under participation of new investors Earlybird Venture Capital, ABN AMRO’s Digital Impact Fund (DIF), and solarisBank, as well as renewed commitments from existing investors such as the Luxembourg Future Fund and Lakestar.

ABN AMRO’s investment is part of a strategic partnership with CrossLend. Likewise, Berlin-based solarisBank, which is also backed by venture firm Lakestar, and CrossLend have recently started a cooperation to offer fully digital and automated loan securitization. With both strategic partnerships and the new funding, the only four-year-old company is on its way to establishing a European Debt Exchange.

“We are extremely proud to have Earlybird, ABN AMRO, and solarisBank joining our existing investor base. We are partnering with precisely the type of investors we need to grow our business further and continue to implement our mission of making the global debt ecosystem more efficient, transparent, and profitable. Our products help banks to regain profitability while simultaneously helping borrowers to access better financing opportunities,” says Oliver Schimek, CEO of CrossLend.

CrossLend is working in line with the European Commission’s plan to create a European Capital Markets Union that will provide funding flows to address the economy’s needs. Despite several initiatives by the European Commission, significant obstacles to creating an optimized flow of funds remain – CrossLend’s business model aims to remove these hurdles.

“In the past, most FinTech-driven innovations targeted the interaction between customers and financial products. But we believe that in times of regulatory pressure, a smarter refinancing backend for the European banking industry is urgently required to enable the institutions to provide better services to their customers and at the same time leverage more of their resources. Our vision is to give people more control over the use of their creditworthiness,” adds Oliver Schimek, CEO of CrossLend.

Christian Nagel, Earlybird partner, comments: “We are excited about CrossLend’s vision to transform from a digital investment bank model to a fully-fledged debt exchange. We strongly believe that their plan to tokenize debt items and hence introduce blockchain-based settlements will lead to more transparent loan books and at the same time more efficient debt capital markets. Global borrowers, regardless if they are SMEs or direct consumers, will benefit as markets will become more liquid. Billions of additional capital for SME financing could be unleashed – solving one of the major global issues in financial markets.”

Hugo Bongers, Director at ABN AMRO’s Digital Impact Fund, comments: "There is a clear business opportunity in making more capital available for companies via CrossLend’s proven platform that already has significant commercial traction. CrossLend’s digital platform is very efficient in making capital available in cross-border European markets. We believe that this solution will set a possible new industry standard. In addition, this investment further broadens and strengthens our local relationships in Germany, being one of the leading FinTech countries in Europe."

About CrossLend:

Founded in Berlin in 2014 in Berlin and Luxembourg, CrossLend is a digital marketplace for loans. As a B2B FinTech company, CrossLend’s mission is to make the global debt ecosystem more efficient, transparent and profitable. By means of an innovative securitisation setup, investors can flexibly build diversified portfolios of loans (via notes) at a pan-European level, with an emphasis on providing risk transparency. On the other hand, loan originators profit from flexible opportunities to scale their lending business – opening up much-needed financing avenues to small and medium-sized businesses across Europe. A win-win-win situation for all. Backed by an array of prestigious equity investors from Europe and the U.S., including Lakestar, CME Ventures, Earlybird, ABN AMRO’s Digital Impact Fund, solarisBank, and the Luxembourg Future Fund, CrossLend plans to establish a European Debt Exchange. In Germany, CrossLend acts as tied agent of FinTech Group Bank AG within the scope of § 2 para. 10 of the German Banking Act.

www.crosslend.com

About Earlybird:

Earlybird is a venture capital investor focused on European technology companies. Founded in 1997, Earlybird invests in all growth and development phases of a company. Amongst the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources, but also strategic and operational support as well as access to an international network and capital markets. Earlybird manages different funds with focuses on digital technologies in Eastern and Western Europe as well as health technologies. With over EUR 1 billion under management, seven IPOs and, 22 trade sales, Earlybird is one of the most successful venture capital firms in Europe.

For further information:

www.earlybird.com

Twitter: http://www.twitter.com/EarlybirdVC

LinkedIn: www.linkedin.com/company/earlybird-venture-capital or

Facebook: www.facebook.com/EarlybirdVC

About solarisBank:

solarisBank is the first banking platform with a full banking license which enables companies to offer their own financial products. Through APIs, partners gain access to solarisBank’s modular services including payments and e-money, lending, digital banking as well as services provided by integrated third party providers. Through this, solarisBank creates a highly developed technological banking ecosystem for FinTechs, established digital companies, as well as banks and corporates.

The Berlin-based company was founded back in 2016 and is led by CEO Dr. Roland Folz, board members Marko Wenthin and Andreas Bittner, as well as CFO Alexander Engel and CPO Dr. Jörg Howein. To date, solarisBank has raised more than EUR 95m from renowned investors, including BBVA, Visa, Lakestar, ABN AMRO’s Digital Impact Fund, Arvato Financial Solutions, SBI Group, Finleap and yabeo.

www.solarisbank.de

About ABN Amro Digital Impact Fund:

ABN AMRO's Digital Impact Fund (DIF) is our corporate venture capital fund specifically for FinTech. ABN AMRO uses this fund for our strategic investments in innovative startups and scale-ups that digitalise financial products and services. Besides CrossLend, the fund has six other portfolio companies: German based solarisBank, Dutch Ockto, US Cloud Lending Solutions and BehavioSec, Tink in Sweden and blockchain initiatief in trade & commodity finance.

www.abnamro.nl

About Lakestar:

Lakestar is one of Europe's leading venture capital firms investing in technology companies led by exceptional entrepreneurs. Early investments included Skype, Spotify, Facebook and airbnb. Since raising their last two funds with an aggregate volume of approx. EUR 500m in 2013 and 2015, Lakestar has expanded and broadened their portfolio, with more recent investments in Harry's, Opendoor, Blockchain.com, GoEuro, FiveAI and Revolut. Lakestar has presence in Berlin, Zurich and London.

Lakestar helps companies to identify new markets and expand into them rapidly, with a focus on the US and Europe. They advise and support portfolio companies in business development, recruitment, technology and marketing. The investments range from early stage companies to those in their growth stage.

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Earlybird, ABN AMRO Digital Impact Fund und solarisBank investieren in CrossLend
Berlin, 06. September 2018
  • Das B2B-FinTech CrossLend erhält 14 Millionen Euro in der jüngsten Finanzierungsrunde, angeführt von Earlybird Venture Capital und dem Digital Impact Fund (DIF) von ABN AMRO
  • Die berliner solarisBank investierte bereits zuvor in CrossLend
  • Bestehende Investoren wie die frühen Förderer Lakestar und Luxembourg Future Fund investieren erneut
  • solarisBank und ABN AMRO schließen zusätzlich zum Investment strategische Partnerschaften mit CrossLend
  • Das neue Funding und die strategischen Partnerschaften sollen das Wachstum von CrossLend weiter vorantreiben und die Mission des FinTechs beschleunigen, den weltweiten Kreditmarkt effizienter, transparenter und rentabler zu machen

CrossLend, ein digitaler Kreditmarktplatz aus Berlin und Luxembourg, hat heute den erfolgreichen Abschluss einer 14-Millionen-Euro-Finanzierungsrunde unter Beteiligung der neuen Investoren Earlybird Venture Capital, ABN AMRO Digital Impact Fund (DIF) und der solarisBank verkündet. Darüber hinaus haben sich auch bestehende Investoren wie Lakestar und der Luxembourg Future Fund erneut an dem Funding beteiligt.

Das Investment von ABN AMRO geschieht im Rahmen einer strategischen Partnerschaft, die mit CrossLend aufgebaut werden soll. Auch mit der in Berlin ansässigen solarisBank, an der ebenfalls Lakestar beteiligt ist, arbeitet CrossLend mittlerweile eng zusammen. Gemeinsam wollen die beiden Unternehmen eine vollständig digitale und automatisierte Kreditverbriefung anbieten. Mithilfe der neuen Finanzierung sowie der strategischen Partnernschaften ist das nur vier Jahre alte FinTech auf einem guten Weg eine „European Debt Exchange“ aufzubauen, über die Kredite aller Art zwischen Finanzinstituten gehandelt werden können.

„Wir sind sehr stolz darauf, dass wir mit Earlybird, ABN AMRO und der solarisBank genau die Investoren gewinnen konnten, die wir für das Wachstum unseres Geschäfts benötigen und mit denen wir zusammen den weltweiten Kreditmarkt effizienter, transparenter und rentabler machen können“, erklärt Oliver Schimek, Gründer und Geschäftsführer von CrossLend. „Mit unseren Produkten können wir Banken helfen, die Rentabilität im Kerngeschäft zu verbessern. Gleichzeitig erreichen wir für Kreditnehmer einen besseren Zugang zu Finanzierungsmöglichkeiten“, so Schimek weiter.

CrossLend arbeitet mit der Entwicklung eines Marktplatzes im Einklang mit den Plänen der EU Kommission zur Schaffung einer Europäischen Kapitalmarktunion, die über die Ländergrenzen hinweg den Kapitalfluss zur Unternehmensfinanzierung nachhaltig verbessern soll. Trotz vielschichtiger Initiativen der EU Kommission gibt es im Markt nach wie vor signifikante Hürden, die den Kapitalfluss behindern – das Geschäftsmodell von CrossLend zielt darauf ab, diese Hürden zu beseitigen.

„In der Vergangenheit waren die meisten von FinTechs entwickelten Innovationen auf die Interaktion zwischen Kunde und Finanzprodukt ausgerichtet. Wir glauben jedoch, dass die europäischen Banken in Zeiten hohen regulatorischen Drucks eine smartere und vernetzte Refinanzierungs-Infrastruktur benötigen. So können die Institute ihren Kunden bessere Dienstleistungen anbieten und gleichzeitig einen größeren Teil ihrer Ressourcen nutzen. Unsere Vision ist es, den Menschen mehr Kontrolle über die Verwendung ihrer eigenen Bonität in die Hand zu geben“, so Oliver Schimek.

Christian Nagel, Partner bei Earlybird, kommentiert: „Die Vision von CrossLend, sich vom Modell einer digitalen Investmentbank in eine vollwertige Debt Exchange zu entwickeln, finden wir äußerst spannend. Wir sind überzeugt, dass der Plan des Teams, Kredite langfristig über eine Blockchain-Infrastruktur zu handeln, zu mehr Transparenz in den Kreditbüchern der Institute, sowie zu einem effizienteren Kapitalmarkt führen wird. Kreditnehmer, sowohl Konsumenten als auch mittelständische Unternehmen, werden weltweit davon profitieren, wenn Märkte auf diese Weise liquider werden. Damit könnten Milliarden von zusätzlichem Kapital für Finanzierungen von kleinen und mittleren Unternehmen (KMU) in den Markt fließen und somit eines der größten globalen Probleme der Finanzmärkte lösen.“

Hugo Bongers, Director vom ABN AMRO Digital Impact Fund kommentiert: „Es gibt hier einen klaren öknomischen Nutzen, wenn über CrossLends Plattform mehr Geld für Firmenfinanzierung verfügbar wird. Die Funktion der Plattform ist erwiesen und es gibt bereits signifikante kommerzielle Erfolge. CrossLends digitale Plattform ist sehr effizient, wenn es darum geht, Kapital über die europäischen Grenzen hinweg verfügbar zu machen. Wir glauben daran, dass dieses Konzept einen möglichen neuen Industriestandard setzen wird. Zusätzlich stärkt und verbreitert dieses Investment unsere lokalen Verbindungen in Deutschland, welches eines der führenden FinTech-Länder in Europa ist.“

Über CrossLend

CrossLend ist ein digitaler Marktplatz für Kredite, der 2014 mit Sitz in Berlin und Luxembourg gegründet wurde. Das B2B-FinTech-Unternehmen hat es sich zur Aufgabe gemacht, den weltweiten Kreditmarkt effizienter, transparenter und profitabler zu machen. Die innovative Verbriefungsstruktur von CrossLend ermöglicht es Investoren, diversifizierte Kreditportfolios (via Notes) über die europäischen Grenzen hinweg aufzubauen und legt dabei den Fokus auf Risikotransparenz. Auf der anderen Seite profitieren Kreditgeber von flexiblen Möglichkeiten ihr Kreditgeschäft zu skalieren. Dadurch werden klein- und mittelständischen Unternehmen in ganz Europa dringend benötigte neue Finanzierungswege eröffnet. Eine Win-Win-Win-Situation für alle Beteiligten. Unterstützt durch sehr bekannte Investoren aus Europa und den USA, einschließlich Lakestar, CME Ventures, Earlybird, dem Digital Impact Fund von ABN AMRO, solarisBank und dem Luxembourg Future Fund, plant CrossLend die Einführung einer „European Debt Exchange“. In Deutschland aggiert CrossLend im Rahmen des § 2 Abs. 10 des deutschen Kreditwesengesetzes als gebundener Vermittler der FinTech Group Bank AG.

www.crosslend.com

Über Earlybird

Earlybird ist ein Venture-Capital-Investor mit Fokus auf Technologieunternehmen in Europa. Der 1997 gegründete Kapitalgeber konzentriert sich auf Investments in verschiedenen Wachstumsphasen der Unternehmensentwicklung und bietet seinen Portfoliounternehmen nicht nur finanzielle Mittel, sondern auch strategische und operative Unterstützung sowie den Zugang zu einem internationalen Netzwerk und zum Kapitalmarkt. Earlybird verwaltet Fonds in den Bereichen digitale Technologien in Ost- und Westeuropa, sowie in Health Technologies. Mit einem verwalteten Kapital von über 1 Mrd. Euro, sieben Börsengängen sowie 22 Trade Sales zählt Earlybird zu den erfahrensten und erfolgreichsten europäischen Wagniskapitalgebern.

Weitere Informationen auf:

www.earlybird.com

Twitter: http://www.twitter.com/EarlybirdVC

LinkedIn: www.linkedin.com/company/earlybird-venture-capital oder

Facebook: www.facebook.com/EarlybirdVC

Über solarisBank:

Die solarisBank ist die erste Banking Plattform mit Vollbanklizenz, die Unternehmen ermöglicht, eigene Finanzprodukte anzubieten. Partner der solarisBank können per API-Anbindung an die Plattform nicht nur die solarisBank-Produkte im Bereich Payments, Kreditgeschäft sowie Digital Banking sondern auch Services von auf der Plattform integrierten Drittanbietern beziehen. Dadurch kreiert die solarisBank ein technologisch hochentwickeltes Banking-Ökosystem für Fintechs, etablierte Digitalunternehmen sowie Banken und Corporates. Das in Berlin ansässige Unternehmen wurde 2016 gegründet und wird von dem Vorstandsvorsitzenden Roland Folz, den Vorständen Jörg Diewald, Marko Wenthin und Andreas Bittner sowie CFO Alexander Engel und CPO Jörg Howein geführt. Insgesamt haben namhafte Investoren wie BBVA, Visa, Lakestar, ABN Amros Digital Impact Fund, Arvato Financial Solutions, SBI Group, Finleap oder yabeo über 95 Millionen Euro in das Unternehmen investiert.

www.solarisbank.de

Über ABN AMRO:

ABN AMRO´s Digital Impact Fund (DIF) ist ein auf Fintech-Unternehmen spezialisierter Venture Capital Fonds. ABN AMRO nutzt diesen Fonds für strategische Investments in innovative Startups und Scale-ups, die Finanzprodukte und –dienstleistungen digitalisieren. Neben CrossLend ist der Fonds in sechs weiteren Unternehmen investiert: Die deutsche solarisBank, das holländische Unternehmen Ockto, in den USA Cloud Lending Solutions and BehavioSec, Tink in Schweden und blockchain initiatief in trade & commodity finance.

www.abnamro.nl

Über Lakestar:

Lakestar ist ein führendes Venture Capital Unternehmen mit frühen Investments in Skype, Spotify, Facebook und airbnb. Das Portfolio wurde in jüngerer Vergangenheit erweitert um Harry’s, Opendoor, Blockchain.com, GoEuro, FiveAI und Revolut. Lakestar hilft Unternehmen neue Märkte zu identifizieren und schnell in diesen zu wachsen. Der Fokus liegt hierbei auf Europa und den USA. Die Portfoliounternehmen werden aktiv im Business Development, bei der Personalgewinnung, Technologie sowie beim Marketing beraten und unterstützt. Lakestar begleitet Technologieunternehmen von der Früh- bis in die Wachstumsphase.

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CrossLend and BCEE announce collaboration
Luxembourg, 18 June 2018

Banque et Caisse d’Epargne de l’Etat, Luxembourg (“BCEE”) and CrossLend have launched a collaboration, whereby BCEE is acting as an issuing agent and paying agent for notes issued by CrossLend. Taking advantage of CrossLend’s innovative loan securitisation product, the Luxembourg based bank, rich in heritage, will continue to expand its presence in the securitisation market, enabling institutional investors to invest into cleared securities backed by pan-European loan products or other eligible assets in multiple currencies.

This collaboration was announced on the evening of May 31st 2018, at BCEE’s evening event “At the heart of Luxembourg’s Financial Centre: Luxembourg securitisation – an efficient tool for structuring”, which was well attended by 200 representatives of Luxembourg’s financial community. The evening event included presentations from PwC, Allen & Overy, Universal Investments and CrossLend. All centred around securitisation under the Luxembourg Law of 2004.

CEO & Founder of CrossLend, Oliver Schimek: “This partnership solidifies our presence in Luxembourg and adds a further stable and long-term partner to our business. BCEE, one of the most prestigious financial institutions in Europe, and of such great importance locally, has again proven to us that we have a great deal of support from the Luxembourg ecosystem – coming after two investments from the Luxembourg Future Fund.”

Head of Institutional Relationship Management at BCEE, Alain Uhres, said: “Cooperating with CrossLend is yet another way in which we are supporting our institutional clients and Luxembourg’s securitisation market. I think that securitisation is a growing market in Luxembourg and that a legal framework exists ensuring legal certainty, which is of the utmost importance for investors. BCEE has always supported the Luxembourg economy and this most recent collaboration is further evidence of this.”

About CrossLend

CrossLend is a B2B FinTech company with a mission to make the European debt ecosystem more efficient, transparent and profitable. CrossLend provides securitisation as a service, transforming loans into notes on a flexible and transparent basis.

CrossLend’s innovative securitisation setup allows investors to build diversified portfolios of loans (via notes) at a pan-European level, with an emphasis on providing risk transparency. On the other side of the coin, loan originators profit from flexible opportunities to scale their lending business – opening up much-needed financing avenues to small and medium-sized businesses across Europe. A win-win-win situation for all.

Backed by an array of prestigious equity investors from Europe and the U.S., including Lakestar, CME Ventures and the Luxembourg Future Fund, CrossLend plans to establish a European Debt Exchange. In Germany, CrossLend acts as tied agent of FinTech Group Bank AG within the scope of § 2 para. 10 of the German Banking Act.

CrossLend was founded in Berlin in 2014 and, in 2015, incorporated a fully CSSF-regulated securitisation vehicle, CrossLend Securities SA. After securing an investment from the Luxembourg Future Fund in 2017, (backed by, amongst others, the Société Nationale de Crédit et d’Investissement and the European Investment Fund), the company opened a Luxembourg office on Boulevard Royal which currently has 8 employees.

About BCEE

BCEE was founded in 1856. Throughout its more than 160 years of existence, the main concern of Banque et Caisse d’Epargne de l’Etat, Luxembourg (BCEE) has always been to meet the demands of its customers and of the national economy.

Today, it is both the Luxembourg bank par excellence and a full-service bank, recognised throughout the world for its results and its dependability. Its sound financial standing, as well as that of its sole shareholder, the Luxembourg State (AAA rated), are the reasons why the international rating agencies Standard & Poor’s and Moody’s have awarded it ratings of AA+ and Aa2 respectively (Long Term Deposit Range). BCEE has been ranked among the 10 safest banks in the world in 2017 by Global Finance Magazine.

Committed to Luxembourg and to its customers, BCEE has increased its institutional business in recent years, and intends to further develop its activity as a service provider in the securitisation market.

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CrossLend und die luxemburgische Sparkasse BCEE geben Kooperation bekannt
Luxemburg, 18. Juni 2018

Die Banque et Caisse d’Epargne de l’Etat, Luxemburg (“BCEE”) und CrossLend haben eine Kooperation gestartet, wodurch die BCEE Emissions- und Zahlstelle für die von CrossLend begebenen Schuldverschreibungen wird. Mittels der innovativen Kredit-Verbriefungs-Plattform von CrossLend, wird die traditionsreiche Bank mit Sitz in Luxemburg ihr Dienstleistungsangebot für institutionelle Investoren ausbauen. Die BCEE wird diesen zukünftig anbieten können in clearing-fähige Wertpapiere zu investieren, die auf europäischen Kreditangeboten oder anderen geeigneten Vermögenswerten in vielerlei Währungen basieren.

Die Zusammenarbeit wurde am Abend des 31.5.2018 während BCEEs, von mehr als 200 Vertretern der luxemburgischen Finanzszene besuchten, Abendveranstaltung “Im Herzen von Luxemburgs Finanzzentrum: Verbriefung in Luxemburg – eine effiziente Form der Strukturierung.” verkündet. Die Abendveranstaltung beinhaltete Präsentationen von PwC, Allen & Overy, Universal Investment und CrossLend. Im Mittelpunkt stand jeweils die Verbriefung nach luxemburgischen Recht von 2004.

CEO und Gründer von CrossLend, Oliver Schimek: “Diese Partnerschaft festigt unsere Präsenz in Luxemburg und ergänzt unsere Geschäftstätigkeit um einen langfristigen soliden Geschäftspartner. BCEE, eine der renommiertesten Finanzinstitute Europas, und von so großer Bedeutung im eigenen Land, hat uns gegenüber erneut bewiesen welche umfangreiche Unterstützung wir am Finanzplatz Luxemburg, ausgehende von zwei Investments des Luxembourg Future Fund, erhalten.”

Alain Uhres, Head of Institutional Relationship Management bei BCEE, sagte: “Indem wir mit CrossLend kooperieren unterstützen wir unsere institutionellen Kunden und Luxemburgs Verbriefungsmarkt. Ich glaube, dass die Verbriefung ein wachsender Markt für Luxemburg ist und dass es einen gesetzlichen Rahmen gibt, der Rechtssicherheit bietet – dies ist für Investoren von höchster Wichtigkeit. BCEE hat in der Geschichte stets die Wirtschaft Luxemburgs unterstützt. Diese jüngste Kooperation ist hierfür ein weiterer Beweis.”

Über CrossLend

CrossLend ist ein B2B FinTech-Unternehmen mit der Mission, das europäische ökosystem für die Kreditvergabe effizienter, transparenter und ertragreicher zu machen. CrossLend bietet Verbriefung als eine Dienstleistung an, indem Kredite auf flexible und transparente Art und Weise in Schuldverschreibungen umgewandelt werden.

CrossLends innovative Verbriefungsstruktur ermöglicht Investoren auf europäischer Ebene den Aufbau diversifizierter Portfolien von Krediten (über Schuldverschreibungen). Hierbei wird großer Wert darauf gelegt, beinhaltete Risiken transparent zu machen. Auf der anderen Seite profitieren Kreditgeber von flexiblen Gelegenheiten ihre Kreditvergabe auszudehnen. Hieraus eröffnen sich für kleinere und mittelgroße Unternehmen in ganz Europa dringend benötigte Möglichkeiten der Finanzierung. Eine win-win-win Situation für alle.

Unterstützt von einer Reihe namhafter Eigenkapitalinvestoren aus Europa und den USA, darunter Lakestar, CME Ventures und der Luxembourg Future Fund, plant CrossLend die Gründung einer europäischen Börse für Kredite. In Deutschland agiert CrossLend, basierend auf § 2 Absatz 10 des Kreditwesengesetzes als gebundener Vermittler der FinTech Group Bank AG.

CrossLend wurde 2014 in Berlin gegründet und errichtete in 2015 ein vollständig von der CSSF reguliertes Verbriefungsvehikel, die CrossLend Securities SA. Nachdem 2017 der Luxembourg Future Fund ein erstes Investment getätigt hatte (u.a. unterstützt von der Société Nationale de Crédit et d’Investissement sowie dem European Investment Fund), eröffnete die Gesellschaft am Boulevard Royal einen weiteren Standort.

Über BCEE

BCEE wurde 1856 gegründet. Während seiner mehr als 160 Jahre währenden Geschäftstätigkeit war die Befriedigung der Bedürfnisse ihrer Kunden sowie der nationalen Wirtschaft stets das zentrale Anliegen der Banque et Caisse d’Epargne de l’Etat, Luxembourg (BCEE).

Heute ist sie beides – luxemburger Bank höchsten Formats und eine Vollbank, weltweit für ihre Resultate und Stabilität geschätzt. Ihre makellose Kreditwürdigkeit sowie die ihres alleinigen Eigentümers, des Staates Luxemburg (AAA geratet), sind die Gründe warum die internationalen Ratingagenturen Standard & Poor’s und Moody’s ihr die Ratings AA+ und Aa2 (Long Term Deposit Range) verliehen haben. Das Global Finance Magazine hat BCEE 2017 als eine der 10 sichersten Banken der Welt ausgezeichnet.

Dem Land Luxemburg und seinen Kunden verpflichtet, hat BCEE das institutionelle Geschäft in den zurückliegenden Jahren ausgebaut und beabsichtigt seine Tätigkeiten als Anbieter von Dienstleistungen im Verbriefungsmarkt weiterzuentwickeln.

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CrossLend conference focused on the role of FinTech and securitisation with the Minister of Finance, Pierre Gramegna, hosted at BGL BNP Paribas
Luxembourg, Friday, 2nd March 2018

On Thursday, 22nd February, CrossLend, with the support of the lux future lab and the LHoFT Foundation, held a conference titled “The Role of Luxembourg & FinTech in Securitisation” at the BGL BNP Paribas Auditorium, with more than 350 registered guests, among them banking executives, institutional investors, and securitisation professionals.

After a welcome note from Olivier Selis, CEO of the lux future lab, Laure Morsy, COO of BGL BNP Paribas explained how the bank is supporting FinTech Innovation. Ms. Morsy added a personal note in support of CrossLend’s innovative approach to bridging the SME funding gap in Europe.

Alex Lawrence, Managing Director of CrossLend in Luxembourg, then presented the company in a nutshell, focusing on how CrossLend’s business model aligns with the EU Commission’s plan to facilitate funding Europe’s collective future growth via a Capital Markets Union (“CMU”). The Commission has clear objectives to remove barriers to cross-border investment, to improve access to business-financing across Europe, to diversify how the various EU member states fund their respective economies and to develop various “high-quality” securitisation products with transparent and easy-to-understand structures. These objectives not only align with the potential inherent in CrossLend’s innovative securitisation solution, they also resonate with previous statements made by Pierre Gramegna, Luxembourg’s Minister of Finance, that the CMU is “of the utmost importance” and that progress based on “transparent, simpler and better securitisations” needs to be made as quickly as possible.

Alex Panican, Head of Partnerships and Ecosystem at the LHoFT, moderated the subsequent panel discussion, titled “FinTech - a New Era for Securitisation”, with Oliver Schimek, CEO of CrossLend, Mark Schmitz, General Partner at Lakestar, Cees Vermaas former CEO of CME Europe, Juha Lehtola, VC Investments Manager at the European Investment Fund and Holger von Keutz, Partner and Securitisation Leader at PwC. The open discussion covered a wide range of topics, spanning from Luxembourg as a FinTech hub and startup nation to CrossLend’s role in supporting the CMU vision and BGL BNP Paribas’ role supporting the FinTech ecosystem in Luxembourg.

The evening was concluded with a speech from honoured guest, H.E. Pierre Gramegna, Luxembourg’s Minister of Finance, discussing the diversity of Luxembourg’s FinTech ecosystem and the range of services offered by Luxembourg’s financial market. Mr. Gramegna is a staunch promoter of FinTech in Luxembourg and has been a strong supporter of the CrossLend journey.

Pierre Gramegna, Minister of Finance, Luxembourg declared:

“Oliver Schimek, it is a pleasure to see you again, now in Luxembourg, after we met together in December in Berlin, where I got to know CrossLend, which we are celebrating here today as it opens its office in Luxembourg They’ve chosen Luxembourg because, in terms of securitisation, we are the leader in Europe with 1,200 vehicles [...] and we can be proud of that [...]. Congratulations to CrossLend and all the best of success here in Luxembourg.”

Laure Morsy, COO of BGL BNP Paribas commented:

“What CrossLend intends to do is really to put on the table the topic of creating a European Capital Market, and this is [...] a good reason to support the project [...] these are the topics of tomorrow, and we should give the means and attention to this issue [...]. I strongly support their project”.

Oliver Schimek, CEO & Founder of CrossLend commented:

“It was a fantastic turn out and great to see more than 350 people registering from throughout the Luxembourg ecosystem and beyond - big names from across the industry, interested in the Capital Markets Union, funding for SMEs, and CrossLend in particular. CrossLend’s mission is to make the debt ecosystem more efficient, transparent and profitable - and Luxembourg is the perfect place to achieve that.”

Olivier Selis, CEO of the Lux Future Lab commented:

“Over the last 5 years, we saw the Luxembourgish startups - and particularly the FinTech ecosystem - growing rapidly. It is very exciting to be part of this community and support a promising company such as CrossLend. By helping lenders to diversify and mitigate their risk at the single loan level, CrossLend will allow funds to flow to the real economy and unleash the true European economic potential.”

Alex Panican, Head of Partnerships and Ecosystem at the LHoFT added:

“We at the LHoFT are thrilled to support CrossLend’s development - a promising FinTech company, revolutionising Europe’s lending market. CrossLend is a concrete example of how financial technology innovation benefits not only the industry but our daily life.”

Cees Vermaas, previous CEO CME Europe:

“This technology opens new frontiers to overcome the obstacle for borrowers of a fragmented European capital market”

About CrossLend

CrossLend is a B2B FinTech company with a mission to make the European debt ecosystem more efficient, transparent and profitable. CrossLend provides securitisation as a service, transforming loans into notes on a flexible and transparent basis.

CrossLend’s innovative securitisation setup allows investors to build diversified portfolios of loans (via notes) at a pan-European level, with an emphasis on providing risk transparency. On the other side of the coin, loan originators profit from flexible opportunities to scale their lending business - opening up much-needed financing avenues to small and medium-sized businesses across Europe. A win-win-win situation for all.

Backed by an array of prestigious equity investors from Europe and the U.S. like Lakestar, CME Ventures and the Luxembourg Future Fund, CrossLend plans to establish a European Debt Exchange. In Germany, CrossLend acts as tied agent of FinTech Group Bank AG within the scope of § 2 para. 10 of the German Banking Act.

About the LHoFT Foundation

The LHoFT Foundation is a public - private sector initiative that drives technology innovation for Luxembourg’s Financial Services industry, connecting the domestic and international FinTech community to develop solutions that shape the world of tomorrow. The other partners of the LHoFT initiative are the Chamber of Commerce, the City of Luxembourg and the University of Luxembourg; the initiative is supported by the Ministry of Finance, the Ministry of Economy and the Ministry of State.

About lux Future Lab

The lux future lab is an incubator powered by BGL BNP Paribas and supports individuals at the crossroads of their professional development to improve their skills and move forward with their entrepreneurial ideas. To support their growth, the lab provides facilities, educational resources, professional services and networking opportunities. Located in the heart of Luxembourg, the lab promotes the advancement of business expertise, education and projects in an interactive and dynamic environment.

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CrossLend and Banco BNI Europa announce cooperation
Berlin, 14 February 2018

Banco BNI Europa and CrossLend have launched a cooperation whereby Banco BNI Europa invests into notes issued by CrossLend Securities SA. In this way, the FinTech-oriented bank will expand its investment into pan-European loan products, taking advantage of CrossLend’s innovative whole loan securitisation product.

“Using the CrossLend platform as a means to easily diversify our European portfolio in a standardised way has advantages for us over direct loan investments, in several ways. As a FinTech-driven bank, we seek to position ourselves in the most scaleable way. With its tech-driven securitisation product, CrossLend supports our growth and diversification. Over the last few years, we have successfully built a network of FinTech partnerships, in order to benefit from the speedy developments in the financial ecosystem in the smartest possible way. We also aim to expand our partnership with CrossLend in the near future,” says Pedro Pinto Coelho, CEO of Banco BNI Europa.

“We are very appreciative of the partnership with Banco BNI Europa. They are a great example of a highly efficient, modern bank. CrossLend aims to act as a partner to banks looking to actively manage their balance sheet, either by buying or selling exposure to loans. To investors, we can offer a broad selection of investable assets. Onboarding Banco BNI Europa as a further partner on our platform is confirmation of the value we can bring to establishedfinancial institutions,” states Oliver Schimek, CEO of CrossLend GmbH.

Banco BNI Europa has established several partnerships with European FinTech leaders across the continent and is now a key international player in the alternative finance sector. The bank showed growth of 141 per cent at the end of 2017, bringing its total assets over 500 million euro. Banco BNI Europa cited its focus on “innovative products” as a reason for its improved performance.

About CrossLend

CrossLend’s innovative, tech-enabled securitisation setup allows investors to build diversified portfolios of loans via notes in a flexible way at a pan-European level, while enjoying greater risk transparency.

On the other side of the coin, loan originators can leverage their excess lending capacity and optimise their profit. A win-win situation for all. Forms of debt securitised by CrossLend include SME loans, consumer loans and mortgages.

Backed by an array of prestigious equity investors from Europe and the U.S., including Lakestar, CME, the Luxembourg Future Fund, CrossLend plans to establish an international exchange where various forms of debt can be bought and sold. In Germany, CrossLend acts as tied agent of FinTech Group Bank AG within the scope of § 2 para. 10 of the German Banking Act.

About Banco BNI Europa

Banco BNI Europa was launched in July 2014 and is Portugal’s fastest growing, purely digital bank. Banco BNI Europa aims to challenge the traditional banking sector through strategic partnerships with fast-moving FinTech companies, enabling them to launch new products employing the most advanced technology in terms of risk analysis, consumer experience and rapid market entry. This strategic orientation furthermore allows the Bank to identify itself as a “Challenger Bank”, drawing on the logic of open architecture and differentiation. This positioning also allows Banco BNI Europa to stand out as a benchmark in the new generation of European FinTech banks and move forward with significant growth rates.

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Luxembourg Future Fund and Promus Ventures invest in CrossLend
Berlin, 10.04.2017

Berlin-based FinTech CrossLend (www.crosslend.com) has attracted further prominent investors. The company announced investments from the LFF (Luxembourg Future Fund) and US-based Fund Promus Ventures.

The Luxembourg Future Fund, which is set up by the European Investment Fund, part of the European Investment Bank group, and Société Nationale de Crédit et d’Investissement (SNCI), a public-law banking institution specialized in medium and long term financing of Luxembourg based companies, decided to invest in CrossLend, due to the Start-up’s potential impact on the Luxembourg financial landscape, among other factors.

Promus Ventures is a venture capital firm based in Chicago investing in visionary software and hardware companies mostly in the U.S. and Europe. The firm has invested in more than 55 private technology companies, including areas such as artificial intelligence, space, robotics, machine learning, computer vision, VR/AR, connected car, healthtech, fintech, insurance, and others. Promus Ventures focuses mostly on early seed and Series A stage rounds and has invested in such innovative companies as Kensho, Spire, Navdy, AngelList, Mapbox, Rocket Lab, Airware, Layer, June, Swift Navigation, Whoop, CrowdFlower and others.

CrossLend has pioneered the securitisation of individual loans into bonds via a Luxembourg securitisation vehicle. CrossLend is authorized and regulated by the CSSF.

CrossLend helps lending banks or alternative lenders by allowing them to partially offload loans via the CrossLend platform on a single loan basis. This way banks can shrink their balance sheets. Investors can invest in the bonds via the CrossLend platform and thus co-invest into the banks’ origination. Tighter equity regulations are increasingly reducing banks’ lending capacities, with the result that ever more loan requests are rejected although the respective borrowers have sufficient credit worthiness. While banks gain stability through these measures, the European economy is weakened - as middle-market companies in particular are in need of loans. At the same time, institutional investors lack access to adequate fixed-income investments. The EU Commission has already pinpointed the problem with its call for the creation of a capital market union. “CrossLend wants to help creating such a capital market, by making it possible for investors to join forces with banks to invest in their loans,” explains Oliver Schimek, founder and co-CEO at CrossLend.

“To achieve this goal, we’ve created a platform that enables investments in securitised individual loans. In doing so, we are making banks P2P-capable, while merging the advantages of the P2P approach with banks’ traditional strengths - relationships and data.” CrossLend chose Luxembourg as its regulatory home, because Luxembourg is very financial services oriented, naturally international, very open minded towards digitalization and FinTech and very supportive of Start-ups in general. CrossLend is establishing a permanent presence in Luxembourg in order to leverage the well-developed financial services ecosystem, as well as the high level of innovation at professional andacademic institutions.

The Chief Executive of EIF, Pier Luigi Gilibert comments: “CrossLend is a most interesting co-investment which will help to strengthen the Fintech industry via the Luxembourg Future Fund. The company’s innovative setup for securitising individual loans is effectively creating a new asset class which is very promising. We are excited about helping CrossLend to establish itself as a player in Luxembourg with the prospect of assuming an important role in the European debt capital market.”

The Chairman of LFF, Patrick Nickels said: “The Luxembourg Future Fund aims to stimulate the diversification and sustainable development of the Luxembourg economy. This innovative company fits exactly into the scope of our strategic sectors, for example the ICT sector in general, and the Fintech sector in particular.”

Mike Collett, Managing Partner at Promus Ventures, comments on the investment in CrossLend: “As a USbased Venture Capital firm it is often challenging to assess opportunities which innovate in a highly regulated industry in Europe. We are certain that CrossLend can become a game changer in the European and global financial eco-system. CrossLend has the right team to execute its truly grand vision.”

About CrossLend

CrossLend intermediates loans and securitises them into bonds, in which investors can invest via the CrossLend platform. The advantages of single loan securitisation: pan-European investments are possible by means of a uniform securities structure, and can be broadly diversified at a supranational level. A secondary market to be established in the near future will provide a trading venue for the bonds. In addition to the LFF, CME Ventures and Lakestar, CrossLend is financed by several other well-known venture capital companies and business angels - including Northzone and Atlantic Labs. CrossLend is currently active in Germany, Spain, the UK and the Netherlands.

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CrossLend Secures New Investor: CME Ventures
Berlin, February 9th 2017

All signs point towards growth: Berlin-based FinTech CrossLend (www.crosslend.com) has found a further prominent investor in CME Ventures, the venture capital investment arm of Chicago-based CME Group. CME Ventures is the latest investor to support CrossLend’s pioneering approach to securitising individual loans into bonds, which both private and institutional investors can then invest in via the CrossLend platform. Lending banks in particular stand to profit from CrossLend’s approach, unique in Europe, as the company also securitises loans originated by third-parties, helping free up banks’ balance sheets. Additionally, CrossLend has received a further injection of capital from its long-standing investor, Lakestar.

Tighter equity regulations are increasingly reducing banks’ lending capacities, with the result that ever more loan requests are rejected. While banks gain stability through these measures, the European economy is weakened - as middle-market companies in particular are in need of loans. At the same time, institutional investors lack adequate access to fixed-income investments. The EU Commission has already pinpointed the problem with its call for creation of a capital market union. “CrossLend wants to help create such a capital market, by making it possible for investors to join forces with banks to invest in loans,” explains Oliver Schimek, founder and co-CEO at CrossLend. “To achieve this goal, we’ve created a platform that enables investment in securitised individual loans. In doing so, we are making banks P2P-capable, while merging the advantages of the P2P approach with banks’ traditional strengths - relationships and data.”

According to Rumi Morales, Executive Director of CME Ventures: “CrossLend is our first European investment and the company’s innovative setup for securitising individual loans and making them tradable in the future over a public exchange holds a lot of promise. We appreciate the deep industry experience of the management team, their approach of working with regulators, and the potential for CrossLend to facilitate a closer capital markets union in Europe.”

About CrossLend

CrossLend intermediates loans and securitises them into bonds, in which investors can invest via the CrossLend platform. The advantages of single loan securitisation: pan-European investments are made possible by means of a uniform securities structure, and can also be broadly diversified at a supranational level.

A secondary market to be established in the near future will provide a trading venue for the bonds. In addition to CME Ventures and Lakestar, CrossLend is financed by several other well-known venture capital companies and business angels - including Northzone and Atlantic Labs. CrossLend is currently active in Germany, Spain, the UK and the Netherlands.

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CrossLend in the news

CrossLend holt sich 14 Millionen Euro von Investoren

Handelsblatt.de - 6. September 2018

„Der Berliner Spezialist für Kreditverbriefungen holt sich den Risikokapitalgeber Earlybird und die Solarisbank an Bord. Geld kommt auch aus den Niederlanden...“

Read more

Solarisbank will Kredite künftig verbriefen lassen

Handelsblatt.de - 20. August 2018

„Die Berliner Bank konkretisiert ihre Pläne zu Kreditverbriefungen. Mithilfe des Fintechs CrossLend soll künftig eine volldigitalisierte Plattform entstehen...“

Read more

Für Digitalisierungsmuffel: Sie sind der beste Freund

Wirtschaftsforum.de - 7. July 2018

„Digitalisierung trifft Mittelstand – ob er es will oder nicht. Entwicklung, die das Banking schon heute maßgeblich verändert haben...“

Read more

La BCEE et CrossLend au service des PME européennes

Paperjam.lu - 27. June 2018

„Présente au Luxembourg depuis novembre et membre de l'écosystème de la Lhoft, la start-up allemande a l’ambition de faciliter le financement des ...“

Read more

Direct Lending für Einsteiger

Institutional Money - May 2018

“Das Berliner Start-up-Unternehmen CrossLend sieht sich als europäischen Marktplatz für Performing Loans und wendet sich dabei an institutionelle Investoren.“

Read more

CrossLend and Banca BNI Europe announce cooperation

Globalbankingandfinance.com - 16. February 2018

„Banco BNI Europa and CrossLend have launched a cooperation whereby Banco BNI Europa invests into notes issued by CrossLend Securities SA. “

Read more

Die Win-Win-Win-Situation

Exxec News Institutional - 31. August 2017

„Europa hat ein Problem. Die gute Nachricht ist: Das Problem ist bekannt – dem Kontinent fehlt eine Kapitalmarktunion.“

Read more

Funding where it is needed

Treasurytoday - 1. July 2017

“CrossLend believes that the financing space needs a shake-up and has developed a solution that aims to do exactly that.”

Read more

CrossLend holt sich 14 Millionen Euro von Investoren

Handelsblatt.de - 6. September 2018

„Der Berliner Spezialist für Kreditverbriefungen holt sich den Risikokapitalgeber Earlybird und die Solarisbank an Bord. Geld kommt auch aus den Niederlanden...“

Read more

Solarisbank will Kredite künftig verbriefen lassen

Handelsblatt.de - 20. August 2018

„Die Berliner Bank konkretisiert ihre Pläne zu Kreditverbriefungen. Mithilfe des Fintechs Crosslend soll künftig eine volldigitalisierte Plattform entstehen...“

Read more

Für Digitalisierungsmuffel: Sie sind der beste Freund

Wirtschaftsforum.de - 7. July 2018

„Digitalisierung trifft Mittelstand – ob er es will oder nicht. Entwicklung, die das Banking schon heute maßgeblich verändert haben...“

Read more

La BCEE et CrossLend au service des PME européennes

Paperjam.lu - 27. June 2018

„Présente au Luxembourg depuis novembre et membre de l'écosystème de la Lhoft, la start-up allemande a l’ambition de faciliter le financement des ...“

Read more

Direct Lending für Einsteiger

Institutional Money - May 2018

“Das Berliner Start-up-Unternehmen CrossLend sieht sich als europäischen Marktplatz für Performing Loans und wendet sich dabei an institutionelle Investoren.“

Read more

CrossLend and Banca BNI Europe announce cooperation

Globalbankingandfinance.com - 16. February 2018

„Banco BNI Europa and CrossLend have launched a cooperation whereby Banco BNI Europa invests into notes issued by CrossLend Securities SA. “

Read more

Die Win-Win-Win-Situation

Exxec News Institutional - 31. August 2017

„Europa hat ein Problem. Die gute Nachricht ist: Das Problem ist bekannt – dem Kontinent fehlt eine Kapitalmarktunion.“

Read more

Funding where it is needed

Treasurytoday - 1. July 2017

“CrossLend believes that the financing space needs a shake-up and has developed a solution that aims to do exactly that.”

Read more

CrossLend holt sich 14 Millionen Euro von Investoren

Handelsblatt.de - 6. September 2018

„Der Berliner Spezialist für Kreditverbriefungen holt sich den Risikokapitalgeber Earlybird und die Solarisbank an Bord. Geld kommt auch aus den Niederlanden...“

Read more

Solarisbank will Kredite künftig verbriefen lassen

Handelsblatt.de - 20. August 2018

„Die Berliner Bank konkretisiert ihre Pläne zu Kreditverbriefungen. Mithilfe des Fintechs Crosslend soll künftig eine volldigitalisierte Plattform entstehen...“

Read more

Für Digitalisierungsmuffel: Sie sind der beste Freund

Wirtschaftsforum.de - 7. July 2018

„Digitalisierung trifft Mittelstand – ob er es will oder nicht. Entwicklung, die das Banking schon heute maßgeblich verändert haben...“

Read more

La BCEE et CrossLend au service des PME européennes

Paperjam.lu - 27. June 2018

„Présente au Luxembourg depuis novembre et membre de l'écosystème de la Lhoft, la start-up allemande a l’ambition de faciliter le financement des ...“

Read more

Direct Lending für Einsteiger

Institutional Money - May 2018

“Das Berliner Start-up-Unternehmen CrossLend sieht sich als europäischen Marktplatz für Performing Loans und wendet sich dabei an institutionelle Investoren.“

Read more

CrossLend and Banca BNI Europe announce cooperation

Globalbankingandfinance.com - 16. February 2018

„Banco BNI Europa and CrossLend have launched a cooperation whereby Banco BNI Europa invests into notes issued by CrossLend Securities SA. “

Read more

Die Win-Win-Win-Situation

Exxec News Institutional - 31. August 2017

„Europa hat ein Problem. Die gute Nachricht ist: Das Problem ist bekannt – dem Kontinent fehlt eine Kapitalmarktunion.“

Read more

Funding where it is needed

Treasurytoday - 1. July 2017

“CrossLend believes that the financing space needs a shake-up and has developed a solution that aims to do exactly that.”

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The executive team

Oliver Schimek, CEO
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As CEO and founder of CrossLend, Oliver Schimek is responsible for the company’s overall business development and expansion both within Germany and across Europe. Schimek possesses extensive experience in sales of financial products: prior to founding CrossLend in 2014, Schimek held a key position at Kreditech Holding in Hamburg as Chief Financial & Investment Officer. His main responsibilities at Kreditech included the supervision of the finance department and ongoing development of the scoring model. Schimek, a data scientist, also previously founded his own company, Quantea, specialised in the development of trading algorithms and IT infrastructures for currency trading. He studied Physics and Economics at the Freie Universität Berlin.

Alex Lawrence, MD CrossLend Sàrl
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CrossLend Sàrl’s Managing Director, Alex Lawrence, is responsible for the company’s Luxembourg business, which covers Europe west of Germany and includes teams based in Spain and the UK. Lawrence started his finance career in ABS in the heady days of 2008 at the Royal Bank of Scotland. He went on to originate and syndicate EU government debt, also at RBS, during the European sovereign debt crisis that began in 2009. This was followed by five years at JP Morgan (Suisse) as a Relationship, and later Portfolio, Manager for Middle East and Emerging Market Ultra High Net Worth Individuals. Lawrence completed his MBA at the prestigious INSEAD business school in France and Singapore.

Filipe Garcia, CTO
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Chief Technology Officer Filipe Garcia advises all business sectors on the relevant technical requirements and necessities, while managing several cross-functional teams. Garcia also handles relations with third parties while ensuring a functioning infrastructure and code architecture - with a focus on security. Garcia designed the application logic behind the initial architecture of CrossLend’s B2C platform. Prior to joining CrossLend, he was lead developer for Numedo GmbH, where he was responsible for the reengineering of its forum, incorporating an online store, CMS and administration. Born in Portugal, Garcia acquired early experience in the European startup scene as co-founder of tech company Pickzee, for which he developed e-commerce, parcel tracking and accounting systems.

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+49 30 208 488 100

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