Online credit marketplace CrossLend GmbH has joined the Association of German Credit Platforms (VdK) as a full member. CrossLend is a Fintech authorized and regulated by the Federal Financial Supervisory Authority and regulated by the Luxembourg CSSF. The Association of German Credit Platforms advocates for the professional operations of digital debt financing as well as strict regulatory compliance.
CrossLend operates a pan-European platform for the initiation and processing of credit transactions and thus acts as a catalyst for the capital markets union. With the VdK, CrossLend finds the right representation of interests. The Berlin-based Fintech was founded in June 2014 and is a technology provider in the areas of data processing & management, data analytics, and settlement for credit transactions. CrossLend also operates a platform for matching and processing investments in loans for institutional investors including consumer and real estate loans as well as factoring receivables.
“We look forward to working with the association and everyone involved. As an international company, the development of industry standards is very important to us. We will be happy to contribute our experience and knowledge from many years in the area of the capital market in order to jointly enable effective and European solutions, ” commented Marco Hinz, Chief Operating Officer of CrossLend GmbH.
In addition to its headquarters in Berlin, CrossLend has offices in Frankfurt, Vienna, Luxembourg, and London.