Santander InnoVentures et al. back €35m CrossLend series-B

The round also included funding from existing investors Lakestar, ABN Amro Ventures and Earlybird.

The potential for strategic collaboration between Santander and CrossLend was a key driver behind the investment, the bank said in a statement.

Earlybird, ABN Amro's Digital Impact Fund and SolarisBank invested in a previous €14m round in 2018. They were joined at that time by existing investors including the Luxembourg Future Fund and Lakestar.

Company
Founded in 2014, CrossLend provides a digital debt marketplace for consumer loans, SMEs, invoices, mortgages and other forms of debt originated by banks and alternative originators. CrossLend makes the assets available to a range of institutional investors, such as banks, investment funds and insurance companies.

The business is based in Berlin.

People
Santander Innoventures – Manuel Silva Martínez (partner, head of investments).

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