The leading European debt financing platform Loanboox reports a strong business year 2021, with 700 closed deals and doubled revenues. The Fintech recorded the fastest growth in Germany and concluded its first deals in Eastern Europe.
Five years ago, Loanboox entered the market with the vision to make debt capital markets more efficient, transparent and fast. To date, municipalities, cities and large organisations closed 2’400 loans with a total volume of more than CHF 26 billion. These financings enable valuable projects for our societies, including renewable energy, renovation of hospital infrastructure or new kindergarten buildings. In 2021, the growing activity from users resulted in a doubling of the fintech’s revenues.
Internationalization speeding up
The Fintech’s internationalization strategy pays out: “We achieved the strongest growth by over 200% in Germany, where cities such as Mönchengladbach, Frankfurt or Königswinter profit from accessing money more quickly and at very competitive rates” comments Philippe Cayrol, CEO of Loanboox. Thanks to a new innovative product, the company also enabled first transactions in Portugal, Poland, Bulgaria, Romania and the Czech Republic in 2021.
Broadening of services
Apart from its international expansion, Loanboox is constantly innovating by creating automation and debt management tools as well as deeper analytics for its customers. The Fintech offers a broader service for borrowers, including debt planning and transaction support on large financings. 150 active lenders profit from digitalized processes, data insights and from a lean co-creation of new products.
Strengthened advisory board
To support the strong growth journey of the company, Loanboox strengthens its advisory board. Frank Mattern, former Senior Partner at McKinsey & Company and independent advisor and board member at various international companies (e.g. Morgan Stanley Europe SE and Centerbridge Partners Europe), reinforces the team with his extensive experience and network.
Loanboox is the leading European platform for debt financing for professional organizations and a member of the business community Leaders for Climate Action. More information about Loanboox, see here.
Philippe Cayrol, CEO
Martina Bühler, CMO
Talacker 50, 8001 Zurich, Switzerland
+41 55 220 78 29, firstname.lastname@example.org