Investors include the Deutsche Kreditbank AG, the LGT Group and other well-known investors from Europe and overseas. The company’s valuation rises to CHF 122 million (110 million euros).
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 twenty billion Swiss francs (17.5 billion euros) 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.”