Fintex Capital Update: Fintex successfully closes Fintex Three

London / Luxembourg, 6 September 2016

  • Further issuance of Euro-denominated Bonds backed by marketplace loans
  • Fintex buys more consumer loans originated via Germany’s leading P2P marketplace
  • Fintex to make additional investments in P2P loans and the wider fintech arena

Fintex Capital, an institutional investment firm dedicated to Europe’s leading P2P-lending platforms, is pleased to announce the closing of Fintex Three, its most recent investment on a P2P marketplace. Similar to its previous investments, Fintex Three, was established as a new compartment of Fintex Capital S.A., to invest in German consumer loans originated via auxmoney, Germany’s leading P2P marketplace. In connection with this investment, Fintex Capital once again issued Bonds to an institutional investor, in this case a European Bank.

A growing pool of investors has recognised that investments on carefully selected marketplaces offer attractive returns in this lower-for-longer interest rate environment with volatile equity and credit markets. Fintex Capital purchases sizeable portfolios of loans originated on leading marketplaces in Continental Europe and the UK. In doing so, Fintex enables its customers, this being professional investors (banks, insurance companies, pension funds, high net-worth individuals, family offices) to deploy capital on credit marketplaces in a hassle-free manner, with professional risk management processes in place.

This latest investment, which follows closely on the heels of the firm’s prior investments, demonstrates the strong investment demand among institutional investors for sustainable credit investments offering attractive yields. “We are delighted that our unique approach has been so warmly welcomed by the investment community,” said Robert Stafler, Chief Executive of Fintex Capital. “Fintex is unique: we combine privileged access to market-leading lending platforms with a professional approach to risk management, leveraging our bespoke, proprietary technology. This allows us to deliver carefully structured institutional investment products in a hassle-free and capital markets-friendly format”, he continued. “Having launched Fintex earlier this year, we are pleased to see our asset base grow and perform. We plan to extend our investment reach to more fintech platforms during 2016.” 

How Fintex works

Investors purchase Bonds issued by Fintex which are directly linked to discrete loan portfolios. Fintex Bonds are capital markets-friendly instruments; they carry an ISIN and are settled through Euroclear and Clearstream, thereby eliminating time-consuming processes.

To manage its investments, Fintex employs proprietary risk management tools, developed in-house. It performs thorough cohort and vintage analysis and enables the team to closely track the performance of each loan.

Fintex provides its customers with sophisticated monitoring, reporting, valuations and projections to a top-class standard.At the same time, our customers also benefit from direct and privileged access to market-leading lending platforms. Fintex is highly selective of the marketplaces it invests on and the highly trained team works closely with the platforms to ensure all investments meet the firm’s stringent requirements.

Contacts

Robert Stafler / Jérôme Anglade
Fintex Partners
10a Chandos Street, London W1K 3HU
robert.stafler@fintexcap.com / jerome.anglade@fintexcap.com
Tel.: +44 203 008 6870
www.fintexcap.com

About Fintex Capital

Fintex was founded by Robert Stafler and Jérôme Anglade. Its mission is to transform the way institutional investors access and invest on lending platforms. Together with their team, the two have many years of experience in the P2P arena as well as in structured credit, securitisation markets, SME, real estate and consumer finance.

Fintex Capital was set up to originate, structure and manage marketplace lending investments for professional investors with an institutional mindset. The aim is to deliver capital preservation, consistent income and superior risk-adjusted returns. Based in London, the Fintex team has a track record in investment structuring and asset management, as well as thorough investment experience within P2P lending. The Fintex offering is aimed specifically at institutional investors who prefer bespoke and transparent investments over traditional investment funds. The firm was specifically designed as an issuer of Bonds, a format investors are intimately familiar with. In doing so, Fintex Capital provides a missing link between Europe’s leading marketplace lending platforms and global capital markets.

Robert is CEO of Excellion Capital, a merchant banking boutique established in 2007 which has incubated Fintex Capital. Robert has been actively involved in the growth and development of auxmoney since 2007. Following his law degree, Robert spent close to a decade with JPMorgan and JPMorgan Cazenove in Investment Banking with a focus on M&A, Debt and Equity Capital Markets. Jérôme also has significant experience in P2P lending. He co-founded Maple Bay Asset Management, an independent fixed income investment firm investing in US consumer loans on the Prosper Marketplace. Jérôme has 20 years’ experience in structuring, trading and risk-managing fixed income investments, having spent 11 years at Morgan Stanley where he was Managing Director and Head of European Structured Credit. He also served as Head of Structured Illiquid Credit Trading at Bank of America Merrill Lynch and as Portfolio Manager for Citi Capital Advisors. He graduated from École Polytechnique with an MSc. in Physics