Linklaters with Auxmoney on sixth public securitisation with a volume of €425m

Linklaters advises Auxmoney, the leading digital-lending platform for consumer credit in Europe, on its first public securitisation in 2025 of consumer loan receivables brokered via the loan platform operated by auxmoney. The transaction, known as ‘Fortuna Consumer Loan ABS 2025-1’, is the sixth transaction on the Fortuna ABS platform and securitises consumer loan receivables in a volume of EUR 425 million via an Irish special purpose vehicle. This vehicle finances the purchase by issuing German law bearer bonds.

The securities are listed on the Luxembourg Stock Exchange and the AAA-rated Class A bonds are structured as ECB-eligible collateral. Like the previous Fortuna transactions, this securitisation also benefits from an STS label after being verified by STS Verification International.

The Linklaters team was led by Jördis Heckt-Harbeck (Counsel, Capital Markets, Frankfurt) and Kurt Dittrich (Partner, Capital Markets, Frankfurt, PICTURED). Other team members are Christian Storck (Partner, Capital Markets, Frankfurt), Burkhard Rinne (Partner, Capital Markets, Frankfurt), Ulrich Johann (Counsel, Tax, Frankfurt), Michael Deane (Managing Associate, Capital Markets, Frankfurt) and Helena Obenheimer (Transaction Lawyer, Capital Markets, Frankfurt).