Credit Exchange
B2B digital marketplace for Swiss mortgage financing.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor | €0.0 | round | |
* | N/A | - | |
| Total Funding | 000k | ||
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Credit Exchange AG, also known as CredEx, operates as an open and neutral B2B marketplace for Swiss mortgages. Founded on March 6, 2018, the Zurich-based company provides IT-supported services for acquiring mortgages. The firm's platform modularizes the mortgage value chain, allowing financial institutions to select specific activities, from distribution and processing to financing, that fit their business needs. This approach, supported by APIs, cloud, and AI technologies, enables a high degree of automation, aiming to reduce complexity and enhance efficiency for all participants.
Credit Exchange is structured as a joint venture, with its shareholder base including notable institutions like Die Mobiliar, Vaudoise, PostFinance, Swisscom, Bank Avera, Glarner Kantonalbank, and Thurgauer Kantonalbank. The company serves a clientele of insurance companies, pension funds, banks, and brokers. By August 2023, the platform had issued and managed over CHF 2.5 billion in mortgages, a figure that grew to over CHF 4.0 billion. A significant development occurred when PostFinance contributed its Valuu comparison and transaction platform to CredEx, intending to bundle the brokerage business under the Valuu brand while maintaining CredEx's core B2B model. In 2024, CredEx transferred the Valuu business to Thurgauer Kantonalbank (TKB) to focus on its core B2B marketplace.
The management team includes Stefan Schärer (Chairman), who joined in June 2022 and has extensive experience in the real estate market and platform business. Serkan Mirza (CEO) brings over 15 years of experience from roles at Accenture, EY, UBS, and Oliver Wyman. Andrea Canonica (CXO) managed the "CredEx" project at EY before joining the company at its inception in 2018, and Tiago Cruz (CTO) has over 15 years of IT experience, including a management role at Vaudoise Insurance.
Keywords: B2B mortgage marketplace, Swiss mortgages, financial technology, mortgage platform, digital lending, credit marketplace, mortgage processing, white-label mortgages, institutional investors, pension funds, insurance companies, mortgage brokers, premier-price auctions, asset liability management, real estate financing