Upon receiving the award, Yang Ge Buchan, the Director of Customer Lifetime Value Management at auxmoney, expressed his enthusiasm by saying, “Winning this award is truly thrilling. We’ve been dedicated to helping individuals in Germany, providing loans to many who are often overlooked. This recognition is well-earned.”
auxmoney GmbH is leading the charge in digital lending across Europe, focusing on providing loans to consumers who are typically neglected by conventional banks.
The company’s platform effectively connects individual borrowers with institutional investors, including banks, insurance firms, and investment funds.
To date, auxmoney has facilitated over €100 billion in loans and has reached more than 250 million customers.
At the core of auxmoney’s innovative approach is a strong emphasis on financial inclusion. The company strives to deliver credit access to demographics frequently ignored by traditional financial institutions, such as freelancers, single parents, and older individuals seeking loans.
A significant factor in auxmoney’s success is its implementation of sophisticated scoring models and artificial intelligence. These technological advancements allow the company to automate more than 80% of its loan processing, which greatly minimizes the necessity for manual input.
This efficient process enables auxmoney to continue providing smaller loan options—beginning at 1,000 EUR—even amidst increasing processing expenses.
