CrossLend GmbH, as a tied agent/tied intermediary and a credit mediation platform, is neither a financial institution nor provides financial services. This means that all financial services in connection with borrowers and investors on the CrossLend platform must – in compliance with German banking supervisory law and financial regulation – be performed by FinTech Group Bank AG.
A bank account with FinTech Group Bank AG is necessary in order for the transactions in connection with subscription to Borrower Payment Contingent Notes to be performed, as well as to receive payouts of any investment returns.
The FinTech Group Bank AG bank account application procedure on CrossLend takes just a few minutes and, for customers outside Germany, can be completed entirely online. Open an Investment Account.