Crosslend

CrossLend, founded in 2014 by Oliver Schimek and Daniel Schlotter, operates as a digital debt marketplace. Initially launched to connect borrowers from high-interest countries with investors in low-interest regions, the company has since evolved its business model. The firm now focuses on providing a technology-driven infrastructure for loan portfolio transactions, effectively enabling banks to adopt a peer-to-peer approach.

The company's core offering is a digital, end-to-end platform for private debt transactions. This includes tools for data management, portfolio analysis, and reporting, alongside a 'Securitisation as a Service' solution. This service digitizes and automates the issuance of financial instruments, allowing for the transformation of loans into capital markets instruments. By doing so, CrossLend connects loan originators, such as banks and alternative lenders, with institutional investors like banks, investment funds, and insurance companies. This process helps loan originators expand their lending capacity and reduce pressure from capital requirements. The platform is capable of handling various asset classes, from small invoice receivables to large real estate mortgages, and supports investments in over 80 currencies.

CrossLend's business model caters to both banks and non-bank lending institutions through its originate-to-distribute model. This allows banks to derecognize assets from their balance sheets, thereby reducing their regulatory capital requirements, and enables non-banks to securitize assets at lower thresholds than traditional methods. The company's revenue is generated through its comprehensive services that span the entire transaction chain, from data onboarding and standardization to valuation and settlement. The company's estimated annual revenue is $2.1 million.

Co-founder Oliver Schimek, a physicist by training, has a background in data science and building decision-making models, having previously founded a currency trading company where he developed trading algorithms. This experience in complex problem-solving and financial technology directly informs CrossLend's data-centric and infrastructure-focused approach to the debt market. The company has successfully raised a total of $54.8 million in funding over several rounds, with prominent investors including Mouro Capital, Earlybird, Solaris, and ABN AMRO's Digital Impact Fund. Keywords: digital debt marketplace, securitization as a service, loan portfolio transactions, private debt, fintech infrastructure, capital markets technology, originate-to-distribute, balance sheet optimization, institutional investors, loan origination, financial software, cross-border lending, asset-backed securities, investment brokerage, portfolio analytics, debt capital markets, financial data management, automated loan securitization, regulatory capital, alternative lending