Cologne – The credX platform is in operation. Right from the start, Deutsche Telekom issued a promissory note loan with a volume of 50 million euros and a term of 10 years to insurance companies of the AXA Group. Issuers with good to very good credit ratings on the one hand and professional investors on the other can now register. As members, they can initiate, negotiate, conclude and manage the processing of issues and loans on the web-based platform. For private placements of bonds, promissory notes and loans, credX, as a neutral intermediary, offers an alternative to the prevailing placement and syndication via banks.
Marcus Thiel, CIO of AXA Konzern AG: “Digitalization and innovative positioning on the debt capital markets are important fields of action for AXA. With credX as a new digital platform, we can initiate and conclude transactions directly and efficiently with issuers.”
Markus Schäfer, Head of Capital Markets at Deutsche Telekom, also commented positively: “credX has finally simplified the issuance of promissory note loans. The promissory note segment has so far been inferior to the bond markets in terms of price and efficiency. The credX platform complements our existing capital market access and now makes it possible to bring supply and demand together with significantly less effort for promissory note loans.”
The credX team around CEO Ralf Kauther is not only pleased about the successful production launch, “We are also very proud that the experienced industry manager Wolfgang Reitzle has joined as a shareholder,” says Kauther. “Like platform pioneer Joachim Schoss, founder of Scout 24, Reitzle supports the company not only as a financier, but also actively with his expertise and contacts.”
“Industry, SMEs and the public sector need access to debt capital that is as transparent and efficient as possible,” says Wolfgang Reitzle. “On credX, treasurers and finance officers can get in direct contact with investors – with little effort and without compromising on security. I already know a number of decision-makers who greatly appreciate such an innovative offering and want to use it as a supplement to their previous access routes.”
Joachim Schoss says: “We founded Scout 24 exactly 20 years ago. In these two decades, I have repeatedly observed how well-positioned platforms continue to develop their functionalities over many years and realize exponential network effects from manageable beginnings. I have been active at credX as a financier and advisor for a year. I am impressed by how quickly the team has succeeded in thoroughly digitalizing the complex business processes involved in issuing and
granting loans and in winning over first-class customers. We are now ideally positioned to expand the customer base and successively develop further use cases.”
Contact person for press inquiries:
Dr. Ralf Witzler
+49 69 9441 80 50
ralf.witzler@newmark.de