The SME-focused alternative lender listed 18 months ago.
Creditshelf saw year-on-year revenues and loan volumes grow significantly at the end of 2019, according to a media release from the firm.
Thanks to a strong year-end, the last three months of 2019 contributed €36.8m loan volume to bringing a total of €88.5m for the year. This translates into a 75 per cent year-on-year increase.
Daniel Bartsch, COO of creditshelf, said: “Digital SME financing continues to gain importance in Germany and has by no means fully realized its market potential. The fact that we were able to grow more strongly in 2019 than in the previous year confirms that we are on the right track concerning our business model and our platform.”
“Particularly encouraging was the strong year-end business with high volumes, to which the Commerzbank cooperation contributed with active deal flow, and stronger margins compared to the first nine months.”
Fabian Brügmann (pictured), Chief Financial Officer of Creditshelf, added: "We are very satisfied with our development for the full year 2019. We were able to increase our revenues and loan volumes significantly compared to the previous year, in particular, due to a very successful fourth quarter."
“Some of the transactions envisaged in the second half of the year could not be finalised until the fourth quarter due to longer decision-making processes on the customer side. This further encourages us to focus our business activities on solid, long-term growth."
Creditshelf has lent €190.7m since its launch in 2015.