Fintech lender Creditshelf hits €1bn loans in 2018

By Roger Baird on 9th January 2019

The German lending platform more than doubled the volume of loans it handled compared to a year ago.

Fintech lender Creditshelf hits €1bn loans in 2018

German small business lending platform Creditshelf processed €1bn of lending in 2018, more than doubling the amount it handled a year ago.

The Frankfurt-based business, which also floated last year, processed €450m of German small and medium sized business loans in 2017.

The platform said it has lent more than €100m to firms since it set up shop in 2014, supporting more than 5,000 jobs.

Chief executive Dr Tim Thabe said: “Having arranged €100m of loans to German small and medium sized enterprises [SME] is an important milestone in the history of creditshelf. SME clients are increasingly turning to online channels when it comes to financing solutions due to efficiency and convenience.”

Creditshelf floated on Frankfurt Stock Exchange last July raising €16.5m, which it said it would use to upgrade its risk analysis algorithm, boost its product portfolio and increase brand awareness.

Thabe added: “Select investments will allow us to make better, faster loans attracting additional investors and cheaper funding, which will help us attract more borrowers.”

The platform said its investors include a mix of professional and institutional credit investors, such as fund managers, banks and cash rich corporates.

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