Series B: Loanboox collects 20 million euros
The Fintech company Loanboox, the leading money and capital market platform, collects 20 million euros (CHF 22 million) in the Series B financing round. Investors include the Deutsche Kreditbank AG, the LGT Group and other well-known investors from Europe and overseas. The company’s valuation rises to 110 million euros (CHF 122 million).
Loanboox was launched in Switzerland at the end of 2016. The winner of last year’s Swiss Fintech Award now employs 40 people in Switzerland, Germany, France and Austria. Loanboox offers an online platform for big ticket loans, which makes financing and investing simpler, more transparent, more secure and reduces costs. Its clients are public-sector authorities, banks, large corporations and institutional investors. In Switzerland, private placements and bonds can also be issued through Loanboox. Since Go-Live at the end of 2016, a financing volume of 17.5 billion euros (CHF 20 billion) has been requested through Loanboox and over 1000 customers are active on the platform.
Round was oversubscribed
In order to secure further growth, Loanboox carried out a Series B financing round. Founder and CEO Stefan Muehlemann is very pleased with the great response from international investors: In fact, we had the opportunity to select the new investors who could offer the most added value to Loanboox, as we were significantly oversubscribed. In addition, all previous shareholders have again invested in this round, a special sign of trust. We take those results as a great compliment, but also as an incentive for our further expansion in Europe and the expansion of our product range, for which we are now ideally equipped. Even after the Series B financing round, the majority of the shares will remain in the hands of the founders and employees. The current valuation of 110 million euros (CHF 122 million) is an impressive illustration of Loanboox’ success to date, but also of its enormous potential. The aim is to achieve profitability by the end of 2021.
DKB’s first Fintech investment
With the Deutsche Kreditbank and the LGT Group as further institution in the financial sector, Loanboox has gained two renowned investors who, like the other investors, also contribute expertise. Muehlemann: «This is a clear sign of our openness towards traditional market participants. We are proud to have gained the DKB, a digital pioneer in the banking environment, and the LGT Group, a globally active financial group, as investors». Since the investments of both companies are in the low single-digit percentage range, Loanboox’ independence is still fully guaranteed. Thomas Jebsen, executive board member of DKB: In the future, the platform economy will also change the traditional financing business of the public sector in Europe and we want to participate in this at an early stage Also Prince Max von und zu Liechtenstein, CEO of the LGT Group, is pleased about the investment: Loanboox is trend-setting in the area of big ticket debt. We are convinced of that.
Several other well-known business angels
In addition to these two well-known addresses, numerous family offices and very well networked business angels have invested. Amongst others Emmanuel Roth (Co-Managing Partner at Five Arrows Principal Investments), Luzius Meisser (Co-Founder Bitcoin Association Switzerland and Board of Director at different Swiss Start-ups), Gerd Häusler (Member of the supervisory board of different German companies), Mutschler Ventures (with successful multi-investor Sylvie Mutschler), Delphen SARL (with ex-BCG Europe Chairman and now Loanboox France President René Abate) and Prof. Roland Berger (Founder, Partner and Honorary Chairman of Supervisory Board of the international strategy consultancy Roland Berger), who comments on Loanboox as follows: For me, Loanboox is an important catalyst for increasing transparency, efficiency and security in the financing sector by creating significant and sustainable benefits for all market participants. The further applications of the technology and the platform are enormous.
Contact for questions
Mr. Stefan Muehlemann, Founder & CEO
Mr. Fabian Haag, Marketing Communications Manager
Burgmauer 10, 50667 Cologne
0049 221 9865420