Transaction

Transaction Details

Closed
January 29, 2019

Sector

Technology, Financial Technology and Services, Financial Technology

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GCA Advises Loanboox on Its Series B Financing

GCA is pleased to announce we advised fintech company Loanboox, the leading Swiss money and capital markets platform, on its Series B financing round.

Loanboox, a winner at the 2018 Swiss FinTech Awards, offers a digital platform for municipal loans. The company provides a simple, transparent, secure and inexpensive way for public-sector borrowers and investors to connect. Loanboox's clients include municipalities and other public corporations, banks, private corporations and institutional investors. Over CHF 20B ($20B) in financing volume has been requested through Loanboox since inception, and over 1,000 customers are active on the platform.

Founder and CEO of Loanboox, Stefan Muehlemann, commented on the strong response from international investors: "We had the opportunity to select the investors who could offer the most added value to Loanboox in terms of content, as we were significantly oversubscribed. In addition, all previous shareholders have again invested. We take this as a great compliment, a sign of confidence and also as an incentive for further expansion both in Europe and of our product range."

Loanboox remains majority-owned by its founders and employees. Investors include Deutsche Kreditbank AG, LGT Group and other European and international investors.

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