Centerbridge Partners completed an investment of €150m in auxmoney.

Private equity firm Centerbridge Partners completed an investment of €150m in auxmoney, the largest credit marketplace in continental Europe. "We are excited to join forces with auxmoney, the leading digital credit marketplace in Europe. We have closely monitored the players in this market in recent years and concluded that auxmoney sets itself apart through a unique technology. Raffael Johnen and his team have built an excellent company and delivered an impressive loan performance over many years. We look forward to partnering with this team. We are convinced that auxmoney has immense growth potential. The German loan market is still characterised by traditional scoring methods and manual processes. Through automation, auxmoney is providing more and more people easier access to the credit they deserve. In doing so, auxmoney sets new standards for its customers and cooperation partners," Maximilian Rinke, Centerbridge Managing Director.