Düsseldorf-based auxmoney, a digital lending platform, announced on Thursday, August 24, that it has acquired a majority stake in Dutch credit platform Lender & Spender.
The announcement comes a year after both companies entered into a partnership in June 2022.
Since the partnership, the volume of new loans provided by Lender & Spender has more than quintupled.
Lender & Spender will remain based in Amsterdam and will continue to operate under its name in the Dutch market.