CrossLend, as a tied agent/tied intermediary and a credit mediation platform, is not a financial institution. This means that all financial transactions in connection with both borrowers and investors on the platform must be performed by or on behalf of our partner bank, FinTech Group Bank AG.

FinTech Group Bank AG (FinTech Group Bank AG) commenced operations on 1 December 2005, upon granting of its banking license by the German Federal Financial Supervisory Authority (BaFin). The bank’s head office was then located in the historic Broich House in Willich, Germany.

In September 2007, FinTech Group Bank AG acquired two further offices in Zwickau and Andernach, for expansion of its business operations. In April 2009, FIB Management AG together with bankM opened a representative office of FinTech Group Bank AG in Frankfurt am Main. FinTech Group Bank AG’s Vienna branch was officially inaugurated on April 1 2010.

On January 1 2012, XCOM Finanz GmbH acquired 100% of FinTech Group Bank AG’s shares and integrated the bank fully into XCOM AG.

At the end of 2013, FinTech Group Bank AG developed an online banking service "brokerport" in collaboration with its affiliate ViTrade GmbH.

Since its inception, FinTech Group Bank AG has operated at a profit, and it has enjoyed steady growth for a number of years. With approximately 145,000 customers, about 195,000 accounts, and assets of around 5.7 billion euros under management, FinTech Group Bank AG has a shareholders' equity of circa 35 million euros. At the end of 2015, the bank employed approximately 120 employees across its four locations in Germany and one in Austria.

In March 2015, the FinTech Group AG acquired a majority interest in XCOM AG, and consequently also in FinTech Group Bank AG and ViTrade GmbH.

In 2016, FinTech Group Bank AG moved its head office to Germany’s financial centre in Frankfurt am Main.