ABN AMRO & Bishopsfield Capital introduce digital lending platform Aymz

By Megha Bhattacharya

ABN AMRO and Bishopsfield Capital Partners have introduced the digital lending platform Aymz. Aymz is live as of today, focusing initially on real estate companies with a borrowing requirement of five to thirty million euros. The platform will widen its scope to include other sectors at a later stage.

Together with their ABN AMRO relationship manager, business owners can upload their profile and borrowing requirements onto the platform. Institutional investors can see this information on the platform and indicate the interest rates and other financing terms they would like to offer. ABN AMRO will provide part of the financing alongside the investor.

Daphne de Kluis, CEO of Commercial Banking at ABN AMRO: “We want to provide loans to as many businesses as possible. In some situations more financing options open up if another investor participates alongside ABN AMRO. Many institutional investors are keen to finance Dutch mid-sized companies, but the practicalities around these investments are often complex and time-consuming if they act on a standalone basis. This new platform removes those problems. As a true relationship bank, we are proud to play a role in connecting companies with institutional investors through Aymz.”

Recently, ABN AMRO announced that it has added Google Pay as a new payment option within its app. With Google Pay available as a service, clients can now use their phones for contactless payment, at no extra charge: in shops, in food and drink establishments and even at the market.

Steve Curry, Founding Partner of Bishopsfield Capital Partners: “Institutional investors such as pension funds and insurance companies are playing an increasingly important role in the debt markets. Aymz is an efficient platform for medium-sized commercial clients to access an additional, new source of financing.”