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NIBC closed an innovative and bespoke debt financing solution for Cluno

Corporate News -

NIBC Germany has closed an innovative and bespoke debt financing solution for Cluno, a German car subscription fintech company. Cluno sells mobility-as-a-service to their clients in an easy and simple way, perfectly fitting the subscription economy trend. With Cluno X the company also serves the premium clientele, enlarging their product offering.

The tailor-made and scalable financing framework provided by NIBC allows Cluno to continue growing their asset base of vehicles and expand their footprint in the car subscription market.

Vincent Dobbelaar of NIBC’s FinTech & Structured Finance team in Frankfurt: “We see the development of the subscription economy as an important economic trend, asking for new financing solutions. We are very happy to support Cluno on this journey.”

 


Veronika von Heise-Rotenburg, CFO of Cluno: "We are happy to collaborate with NIBC, which is highly knowledgeable both on the financing and vehicle side and offered us a smooth and easy process for operation of our financing vehicle. NIBC’s financing will support Cluno in its growth journey in the following months."

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