We want this Level but not only continue, we want to increase it significantly,”Kariuki stressed. The market is large enough. “The Entrepreneur magazine impulses” the enormous market potential for auxmoney confirmed in its may Edition: 100 billion, with maturities between one and five years, have currently pending private individuals in Germany with banks. At the same time, there are always less than 10 million people in Germany, which is difficult to get a loan at the Bank. With almost 4,000 daily available credit projects, auxmoney operates the largest credit marketplace in Germany. However, not many know offering a P2P loan yet. Dominik Fassbender, who wrote his dissertation about the P2P markets in Germany, confirmed that. The main reason that E.g.
self-employed how auxmoney not take advantage of the offers of P2P portals is simple: they simply don’t know about the offer. But this situation is changing now and industry insiders are awake: every third Bank in Germany in P2P loans one does not to be underestimated Competition. This study shows that the industry compass 2011 credit institutions”consultancy Steria Mummert consulting in collaboration with the F.A.Z. Institute. For most of its 10 million people affected in Germany, we have a solution, but unfortunately our talk is only gradually. So we must enhance our awareness”, Kariuki explains the situation. New innovative products, such as the P2P car loan, the auxmoney since December 2011 offers help to promote the platform. Even if the way is far the first billion euro we have firmly in mind”, emphasizes Kariuki.
Auxmoney is the leading German online platform for loans from private persons to private persons. Investors find a profitable alternative to bonds or time deposits. Present borrowers no longer need for the House, but can arrange credit as credit project”on the Internet platform of auxmoney of a whole series of private investors. The business model of auxmoney.com is simple and at the same time revolutionary. auxmoney.