Loanboox grows with real estate financing and appoints new CEO
Fintech Loanboox reports growth in real estate financing. There is also a change at the top of management and a new Chairman of the Board of Directors.
Urs Meier is to become the new CEO of Swiss fintech Loanboox. He was already a member of the Executive Board and is now taking over from Philippe Cayrol, who is leaving the company at his own request at the end of July. After around three years with the company, he will be taking on a new challenge, according to the press release. In addition to Urs Meier, Dario Zogg (Chief Technology Officer) and Dominique Hügli (Chief Product Officer) will complete the Executive Board. Dr. Felix R. Ehrat will take over as Chairman of the Board of Directors. He has been a member of the Board since 2020. Stefan Mühlemann, the founder of Loanboox, is stepping down as Chairman for health reasons, but will remain a member of the Board of Directors.
The company also presented figures for the first half of the year. Significant growth was recorded in real estate financing in particular, according to the company. The Real Estate division, in which Loanboox has been active for just over a year, already contributes around % to turnover. "In a challenging market environment with rising interest rates, transactions with a volume of over CHF 160 million were concluded in the first half of 2023," the company writes in a press release. Loanboox's customers reportedly include real estate companies such as Ina Invest AG, which is listed on the SIX Swiss Exchange, as well as real estate funds and housing cooperatives.
Loanboox was launched with the municipal financing business area. A total of CHF 2 billion in financing was concluded via Loanboox in the first six months.
