creditshelf: Growth continued in Q3
DGAP-News: creditshelf Aktiengesellschaft
/ Key word(s): 9 Month figures
CREDITSHELF - GROWTH CONTINUED IN Q3
Frankfurt am Main, October 08, 2020 ‒ creditshelf, the leading credit platform for digital SME finance in Germany, grew sustainably in Q3 2020 amidst the ongoing corona pandemic. The development of creditshelf's loan business is reflected in the following numbers:
Dr. Tim Thabe, CEO of creditshelf, stated:
"Especially in the current situation, SMEs need quickly obtainable, flexible financing solutions. Over the summer months, we were able to welcome new business partners and numerous new customers. At the same time, our platform features satisfied returning customers, for whom we are a reliable partner. In addition to our continuously improved risk analysis software based on current financial data, solid customer and sales relationships are the basis for sustainable growth."
Fabian Brügmann, CFO of creditshelf, added:
"So far, 2020 has been an eventful year, not only for our customers but also for creditshelf AG. Over the course of the first nine months, we have continued our growth and invested systematically in technology and infrastructure. These investments were carefully balanced out with prudent cost management and constant, situation-specific adjustments to our strict risk standards in order to respond to the uncertainties and changes in the wake of the corona pandemic and to ensure stable returns for our institutional investors."
The complete Q3 2020 release will be published by creditshelf on November 12, 2020.
Overview of alternative KPIs
creditshelf is the leading credit platform for digital SME finance in Germany. Founded in 2014 and headquartered in Frankfurt am Main, the company arranges bank-independent, flexible financing solutions via a constantly growing network. creditshelf combines complementary needs: While SME entrepreneurs can easily access attractive financing alternatives, institutional investors can invest directly in German SMEs and partners can support their clients as innovative providers of new credit solutions. The core of creditshelf's business model are a unique, data-driven risk analysis and unbureaucratic, fast and digital processes. Thereby, creditshelf covers the entire value chain: its platform is used to select suitable credit projects, analyze the creditworthiness of potential borrowers, and provide credit scoring as well as risk-adequate pricing. For these services creditshelf receives fees from both borrowers and investors.
creditshelf has been listed in the Prime Standard Segment of the Frankfurt Stock Exchange since 2018. The experts in the creditshelf team offer many years of experience in SME financing and are trusted partners and visionaries for the entrepreneurship of tomorrow.
|Mainzer Landstrasse 33a|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1139500|
|End of News||DGAP News Service|