A start-up that broke new ground by digitising municipal lending in Germany is celebrating its 5th anniversary: Loanboox. With 23 billion euros in closed financings in seven countries, the financing platform started off successfully and is rapidly developing its offerings further.
Since its launch in 2016 in Zurich as a platform for municipal finance, borrowers have completed more than 2,100 transactions with a volume of 23 billion euros in seven countries. A team of 40 employees serves 3,000 registered municipalities, cities, public institutions, large companies as well as institutional investors and banks and is rapidly developing the platform.
“The high demand shows the need for efficient debt capital markets,” comments Philippe Cayrol, CEO of Loanboox. “In 2021, we enabled the creation and expansion of municipal infrastructure, such as kindergartens and school buildings, broadband expansion and road construction. It makes us proud to make the debt capital markets easier and faster for all market participants, while contributing in a small way to tomorrow’s society.”
The idea behind Loanboox was radical and bold: to create a digital marketplace for large loans. Borrowers submit their loan requests online, professional investors bid on them – saving time and creating transparency. ”The largest requests so far are 450 million euros. As the business matures, we are also seeing an increasing rush from very established borrowers” adds Cayrol.
A lot has happened since the first days. Loanboox has developed automation and analysis tools for its clients. Advisory services such as financing planning and support for more complex mandates complement the services. 150 active capital providers benefit from more efficient processes, data insights and co-development of new products.
In the last 6 months, the company has celebrated a number of firsts on its platform: The first sustainable loan, the first secured financing and the first transactions in Eastern Europe. These developments pave the way for a successful and sustainable future, both for clients and Loanboox.
The fintech Loanboox is Europe’s leading platform for debt financing and is represented in six countries. Four years after going live, the 20 billion mark in closed volume has been broken. Since its launch at the end of 2016, more than 1600 deals have been completed. Clients are municipalities, municipal companies and municipal utilities as borrowers, institutional investors and banks as capital providers. You can find more information about Loanboox here.
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