Milestone: Loanboox hits the 25 billion mark
Loanboox reaches next milestone: The global request volume on the independent debt capital market platform has reached the 25 billion Swiss franc mark. In total, loans amounting to 11 billion have been concluded since the fintech was launched just under three years ago.
“I am very pleased that Loanboox has reached this milestone in such a short time. This illustrates the customer need for accessible, efficient and transparent debt capital markets. And that is exactly what we make possible,” says Stefan Muehlemann, Founder & CEO of Loanboox. Broken down, the 25 billion Swiss franc request volume was divided into 1779 requests from four countries: Switzerland, Germany, France and Austria. Of these, CHF 11 billion were closed.
Long-term enquiries abroad and new segments
The average volume per request is CHF 14 million, and the terms are typically less than one year (50%) or more than five years for 37% of the requests.
“In the foreign markets, the majority of enquiries are long-term,” says Andi Burri, Head of Sales and Managing Director of Loanboox Switzerland. The borrowers mainly include
local authorities. “In all four countries, however, we are seeing a large increase in organisations under public law (e.g. hospitals, transport and energy companies), while in Switzerland the segment of large companies is on the rise,” says Burri.
Cross-border lending business is expanded
The fintech also wants to expand its cross-border business more strongly in 2019. With locations in four countries and 50 employees, Loanboox offers its customers the possibility to process credit transactions across borders.
Our aim is to connect borrowers and capital providers from all over Europe on the platform
explains Muehlemann. For example, the first cross-border transaction between Germany and France was recently processed on the platform, and the first transaction between Germany and Switzerland took place a year ago.
83 percent returning customers
Globally, 1800 organisations are connected to the Loanboox platform. “We are very proud of the high customer satisfaction – and this in all countries where we are active. 83 percent of expiring loans are renewed again via Loanboox,” says Burri. This high level of customer satisfaction is also reflected in Loanboox’s Net Promoter Score, which is far above the industry average with a value of 80.
Loanboox, the leading independent debt capital market platform for large-scale debt financing, connects public corporations and large companies with institutional investors and banks.
Contact persons for queries
Stefan Muehlemann, Founder & CEO
Martina Bühler, Head Marketing & Communication
Talacker 50, 8001 Zürich
0041 55 220 78 20
Find the Pressrelease here as PDF.