auxmoney successfully closes debut ABS with social bond label for promoting financial inclusion
auxmoney, a leading digital-lending platform for consumer credit in Europe, has successfully placed its first asset-backed security (ABS) with a volume of EUR 250 million. The transaction is labelled "Fortuna 2021 - STS German Consumer ABS". Proceeds of the issuance are used to finance people who are often inadequately provided with credit by traditional banks. [...]