Immobilien Zeitung has published an editorial on Expo Real in which it discusses credit platforms, in particular credX, on several pages. We are doubly pleased about this: firstly, because it is now clear what added value lending platforms can offer and secondly, because we are now getting so much attention thanks to our top customers and financings. The article is behind the paywall. We have summarized what we think is most important for you.
News
credX as guest at the 15th IM Symposium at the Palmengarten in Frankfurt
In this highly attended event, credX CEO Dr. Ralf Kauther presented the credX Transaction as a Service platform – a digital market place for large financings especially commercial real estate financings– to the executives of savings and cooperative banks. Several institutions at presence already work with credX and were able to share their experiences with others. In his presentation and answers to the participants Ralf Kauther addressed the following points: read more
IOTA Foundation’s Co-Founder and Chairman Dominik Schiener invests in credX and will support the strategic development
credX AG, the B2B digital marketplace for commercial commercial real estate and corporate financing, adds one of crypto’s rising stars to its list of strategic investors, as Dominik Schiener takes a stake of just below 10%.
Dr. Ralf Kauther CEO credX at the Financing Symposium in Frankfurt am Main
“Yesterday books, today clothes, tomorrow commercial real estate financing. Electronic marketplaces are unbeatably efficient” is the topic of the presentation by Dr. Ralf Kauther, CEO of credX AG at the third Financing Symposium in Frankfurt am Main.
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Dr. Ralf Kauther CEO credX at the Moody’s Innovation Briefing
Senior executives from Avaloq, SAP, Wirecard and credX board member Ralf Kauther discussed the perspectives for B2B credit platforms at the panel “Fintechs – Digitalisation and Data Science”
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Interview with Dr. Ralf Kauther CEO of credX AG in BOND MAGAZINE
The CEO of credX explains the concept of the credX platform, target group and costs in an interview. In a nutshell:
We are a neutral, regulated marketplace for lending debt capital, offering the full spectrum of instruments (loans, promissory notes and bonds) at very low transaction fees. Our target group is issuers/borrowers from the upper mid-market, large corporations, the real estate industry and the public sector on the one hand, professional investors such as insurance companies, pension funds, credit funds and banks on the other hand, as well as corporate finance advisors or investment advisors.
More details in the interview on page 13.
Article in immobilienwirtschaft: “Real estate banks. New spectrum needed“
- read more in immobilienwirtschaft (paywall)
Very detailed and informative article in “Immobilienwirtschaft 04/2019” about the necessary transformations of real estate financiers and the digitisation of commercial real estate financing.
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Article in the VDI-Nachrichten about the digitalisation of the German Schuldschein market
- read more in VDI-Nachrichten (paywall)
VDI-Nachrichten reports on Schuldschein as a flexible alternative to traditional bank loans and the advantages of digital platforms.
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Article about the new “LMA-Schuldscheinstandard” in Finance Magazin
- read more Finance Magazin
We welcome the fact that the LMA, together with the Association of German Treasurers, has proposed a standard read more
Article in L’AGEFI Hebdo: “Le Schuldschein entame son aggiornamento numérique”
- read more in L’AGEFI Hebdo (paywall)
The French business magazine L’ AGEFI Hebdo reports on the leading German promissory note platforms and the development of the Euro PP market in France.
Lars Hille joins credX as Senior Advisor
Lars Hille, until autumn 2017 Board member of DZ BANK responsible for Capital Markets, advises credX since read more
Article in DerTreasurer on the competition of promissory note platforms
Very exciting development:
LBBW, the No. 1 in the promissory note market, takes the position that banks are not necessary as intermediaries and should concentrate on the advisory role. It is understandable that it nevertheless wants to defend its position by using a proprietary platform. We consider a neutral platform where banks and other deal advisors can offer their services to issuers in a fair and transparent manner to be more efficient.
Article on treasurytoday.com: “Banks facing debt capital market disintermediation”
- read more on treasurytoday.com
treasurytoday.com cites the main reasons why digital platforms will change the primary market for debt: In addition to efficiency and security, the increased transparency is of great benefit to issuers and investors. This aspect has become even more important with MifID II.
Article about the digitization of “Schuldschein” in Finance Magazin
- read more in Finance Magazin
This interesting article deals with the different approaches: On the one hand, (multi-)arranger platforms read more
Current press comments on the launch of the credX platform
credX is very pleased about the positive response:
- read more DerTreasurer
- read more Handelsblatt
- read more Börsenzeitung
- read more Wirtschaftswoche
- read more Global Legal Chronicle
First promissory note loan concluded between Telekom and AXA
Cologne – The credX platform is now operational. Right at the outset, Deutsche Telekom issued a promissory note loan with a volume of 50 million euros and a 10-year maturity to insurance companies of the AXA Group.
With immediate effect, issuers with good to very good credit ratings on the one hand and professional investors on the other can register. As members they can use the web-based platform to prepare, negotiate, conclude and manage the processing and settlement of debt issues and loans. As a neutral intermediary for private placement of bonds, promissory note loans (Schuldscheine) and credit, credX provides an alternative to the predominant placement and syndication via banks.
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