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Santander leads German digital debt marketplace's €35M series B funding round

Banco Santander SA, through its financial technology venture capital fund Santander InnoVentures, led a €35 million funding round for German digital debt marketplace operator CrossLend GmbH.

The series B round also includes funding from existing investors Lakestar, ABN AMRO Ventures and Earlybird, with more institutions expected to join as equity investors over the next few months.

Founded in 2014, Berlin-based CrossLend operates a digital debt marketplace for several forms of debt originated by banks and alternative originators, and makes the assets available to various institutional investors.