Launched in April of this year, the AIF nordIX European Consumer Credit fund will use the Opus securitization platform for investments in Swiss consumer loans. The loans are brokered by Zurich-based online lending platform lend.ch.
lend.ch focused on expanding its investor base and strengthening the attractiveness of its platform for borrowers based on additional refinancing options.
Hamburg-based fixed income specialist nordIX launched nordIX European Consumer Credit fund. the first German digital lending fund, in April 2021. The cooperation makes it possible to expand its existing portfolio with attractive Swiss consumer loans.
nordIX intends to invest five million euros over a period of three to six months. Chartered Opus will securitize the loans so that they may be acquired by the German public AIF. Chartered Opus is applying for listing of the bonds on the open market of Düsseldorf Stock Exchange.
Claus Tumbrägel, CEO of nordIX AG, pointed out: “We are very pleased to be able to invest in consumer loans on the lend.ch platform with the ‘nordIX European Consumer Credit Fonds’. After careful consideration, we are convinced that the risk profile of lend.ch loans meets our investors’ requirements and is a strong basis for this fund’s future growth.”
Opus operator Chartered Investment also welcomes the new cooperation with lend.ch. Daniel Maier, General Manager of Chartered Investment, said: “We are glad to be part of this project and welcome the unique opportunities nordIX has created with this fund. For some time now, we have been expanding our offering to provide clients such as lend.ch with the services they need to easily issue bonds. This will allow even more investors to use crowdlending platforms such as this one and will increase their attractiveness.”