Online loan marketplace CrossLend GmbH has joined that Association of German Credit Platforms (VdK) as a full member. CrossLend is a fintech approved and regulated by the Federal Financial Supervisory Authority and regulated by the Luxembourg CSSF. The Association of German Credit Platforms is committed to the professional operation of digital debt financing and strict compliance with regulatory requirements.
CrossLend operates a Europe-wide 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 company Fintech was founded in June 2014 and is a technology provider in the areas of data processing and management, data analysis and processing of credit transactions. CrossLend also operates a platform for matching and processing loan investments for institutional investors, including consumer and real estate loans and 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 are happy to bring our many years of experience and knowledge in the area of the capital market to jointly enable effective and European solutions, ”he commented Marco Hinz, Chief Operating Officer of CrossLend GmbH.
In addition to its headquarters in Berlin, CrossLend has branches in Frankfurt, Vienna, Luxembourg and London.