The Association of German Lending Platforms (VdK), a group representing digital debt financing, has added five new members. According to a release, finpair, NetBid Finance, Exaloan, d-fine and SWK Bank, have all joined the association now making 18 members in total.
The new members include three fintechs, a consulting company, and a bank. finpair and NetBid Finance are two debt financing platforms.
finpair GmbH is a provider of digital loans which has digitized the entire origination process.
The Hamburg-based Fintech NetBid Finance GmbH offers small and medium-sized production companies from Germany and Austria additional liquidity through sale & leaseback solutions. A company can sell its used production machines to NetBid Finance at their current value and lease them back in order to get the desired liquidity quickly and conveniently.
Exaloan AG seeks to bridge the gap between institutional investors and lending platforms. With its online marketplace Loansweeper, the technology provider offers investors the technical connection to the alternative lending market as well as the option of automated, standardized and cross-platform selection of loan projects.
d-fine GmbH is a consulting firm with expertise in the areas of capital markets and corporate banking as well as private banking. The company also deals with innovative business models, including crypto assets/liabilities, distributed ledger technologies and lending, and issues relating to regulation and compliance.
Süd-West-Kreditbank finanz GmbH, or SWK Bank for short is the newest bank member. Founded in 1959, the bank offers installment, car and eco-loans, but also rent deposit guarantees, policy loans, and fixed-term deposits.
“The fact that finpair and NetBid Finance have joined us confirms our goal of offering a forum with the association for such niche models in particular and thus increasingly representing the interests of all relevant players in the ecosystem,” commented Constantin Fabricius, Managing Director of the Association of German Credit Platforms. “I am very pleased that we can welcome three new members to the association, Exaloan, d-fine and SWK Bank, who are not traditional platforms themselves, but contribute to their success through their recognized expertise and various services. With your support, our association can map all relevant subject areas of digital debt financing even more intensively and present them profoundly to the outside world.”
The association says the next goal is uniform industry standards. The VdK, together with its now 18 members, intends on creating uniform industry standards and informing the public and politicians alike about digital debt financing.
“In discussions with German or European legislators, it often becomes clear that there is still a lack of understanding of the innovative business models of debt financing platforms,” explained Fabricius. “With every new member we gain, we as an association get the confirmation and trust of the industry to represent them properly and to advance them. So I’m very happy about all of our five newcomers. “