creditshelf can successfully continue growth in 2020
DGAP-News: creditshelf Aktiengesellschaft
/ Key word(s): Quarter Results
CREDITSHELF CAN SUCCESSFULLY CONTINUE GROWTH IN 2020
Frankfurt am Main, January 13, 2021 ‒ creditshelf, the leading credit platform for digital SME finance in Germany, has grown double-digit in 2020 despite the Corona pandemic. The development of creditshelf's loan business is reflected in the following numbers:
"The ongoing Corona pandemic continues to present significant challenges to entrepreneurs. We are proud to have been able to support our customers in 2020 with our lending product. This allowed us to continue our growth in this challenging year. We again had no significant loan defaults in Q4, although the situation was exacerbated by the renewed lockdown affecting the German economy. This resilience of our portfolio demonstrates the high quality of our sales model and our risk analysis. It is the prerequisite for the success of our institutional funding strategy."
The complete 2020 annual report will be published by creditshelf on March 30, 2021.
Overview of alternative KPIs
Upcoming Investor Relations events
February 24, 2021: ODDO SEYDLER BANK Small & Mid Cap Conference 2021
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 is 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:||1160064|
|End of News||DGAP News Service|