The lending volume at auxmoney rose significantly in the first half of 2016. Compared to the same period of the previous year, the credit marketplace increased by more than 100 percent. “The dynamic growth underpins the benefits for investors and borrowers in human-to-human lending. The new records also have a signal effect for the entire fintech industry in Germany, “writes auxmoney in the press release accompanying the six-month figures. The credit marketplace also made significant gains in the number of loans granted.
- 1 Financial world is fundamentally changing due to FinTechs
- 2 Increase in the number and amount of loans
- 3 auxmoney with further growth potential
The financial world is fundamentally changing
The doubling of the paid volume demonstrates the advantages of our business model of lending directly from person to person. The new records of auxmoney as a market leader are also signaling for the entire industry and are a proof that the financial world by FinTechs fundamentally changed.
Increase in number and amount of loans
In the first half of 2015, the credit marketplace auxmoney had disbursed 6,337 credits, while in the first half of 2016 the number of disbursed loans was 10,688. Thus, the number of loans increased by about 68.7 percent within one year. The amount of loans also rose, averaging 6,196 euros in the first six months of last year, to an average of 7,439 euros in the first half of 2016.
auxmoney with further growth potential
“For investors, the average return of 5.50% is well above the returns on traditional interest-bearing investments and is completely independent of the exchange. Loan seekers will provide auxmoney with quick and easy access to credit – including the self-employed, probationary staff, and students who are usually flat-rate rejected by banks. “Johnen continues,” The benefits of the model show the broader growth potential auxmoney still has. “