creditshelf and Sparkasse Bremen agree on cooperation

DGAP-News: creditshelf and Sparkasse Bremen agree on cooperation

DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Alliance
22.04.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

creditshelf and Sparkasse Bremen agree on cooperation

  • Cooperation in lending to SME corporate customers
  • Unsecured loans from creditshelf as a complementary, innovative addition to Sparkasse Bremen's loan products offering
  • Following the successful Commerzbank cooperation, this is the next milestone in creditshelf's growth strategy

Frankfurt am Main, April 22, 2021 ‒ creditshelf Aktiengesellschaft and Sparkasse Bremen enter into a broad cooperation agreement for the SME corporate customers segment. Sparkasse Bremen will refer loan requests, where its customers can benefit from an additional, unsecured financing component, to creditshelf. While Sparkasse Bremen thus further strengthens its outstanding position in the corporate customer business with an innovative offer, creditshelf opens an additional sales channel.

As an additional financing component, Sparkasse Bremen can now also provide its customers with loan offers from creditshelf AG. Unsecured loan offers up to EUR 5 million and with a term of up to 8 years are thus available as an addition or alternative to the comprehensive loan offering of Sparkasse Bremen. With the customer's consent, loan requests are submitted via creditshelf AG's digital lending platform. After a maximum of not more than 48 hours, the savings bank and the customer receive feedback. Successfully arranged loans are subsequently placed with registered, institutional investors.

Klaus Windheuser, Member of the Management Board of Sparkasse Bremen: "creditshelf is the ideal partner for us to add an innovative component to our comprehensive financing offering in the corporate customer segment. The cooperation fits perfectly with our focus on digital and efficient solutions while staying close to our customers. We can thus provide our customers with a further, tailor-made offer for their individual financing needs. The cooperation with creditshelf is a powerful partnership with great potential for the future."

Dr. Daniel Bartsch, founding partner and Chief Operating Officer of creditshelf: "We are proud to be able to add another strategic partnership after the already successfully established and expanded cooperation with Commerzbank. Sparkasse Bremen is one of the largest savings banks in Germany with a strong lending business and great customer relationships."

Dr. Tim Thabe, founding partner and CEO of creditshelf, adds: " We have always seen ourselves as a partner to banks and we are experiencing that more and more banks are opening up to cooperative ecosystem solutions. In such an ecosystem, as offered by creditshelf, they can leverage their respective strengths in favor of the customer, just as we do. Sparkasse Bremen is one of the most innovative savings banks in Germany and we look forward to working with them."

Corporate Communications:

creditshelf Aktiengesellschaft
Jan Stechele (CPO)
Birgit Hass (Head of PR)
Mainzer Landstrasse 33a
60329 Frankfurt
Tel.: +49 (69) 348 77 2413

Investor Relations:

creditshelf Aktiengesellschaft
Fabian Brügmann (CFO)
Maximilian Franz (Investor Relations Manager)
Mainzer Landstrasse 33a
60329 Frankfurt
Tel.: +49 69 348 719 113

About creditshelf

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 its constantly growing network. creditshelf caters to complementary needs: SME entrepreneurs gain easy access to attractive alternative financing solutions, institutional investors can invest directly in German SMEs, and the company's partners can support their clients as innovative providers of new credit solutions. creditshelf's business model revolves around its unique, data-driven risk analysis and unbureaucratic, fast digital processes. creditshelf covers the entire value chain: Its platform is used to select suitable credit projects, analyze potential borrowers' credit quality, perform credit scoring, and price risk adequately. The company receives fees from both borrowers and investors for these services.

creditshelf has been listed on the Frankfurt Stock Exchange's Prime Standard segment since 2018. The experts making up its team have many years' experience of SME financing and are trusted partners and visionaries for building tomorrow's businesses.

About Die Sparkasse Bremen

Die Sparkasse Bremen is the Hanseatic city's market leader for financial services, with a balance sheet total of more than 13 billion Euro, a 1,100-strong workforce and around 75 branches. Established as an independent savings bank by citizens of Bremen in 1825, it is now one of the largest savings banks in Germany. A strong partner for medium-sized companies, it supports entrepreneurial growth with industry expertise and local competence. Its exclusive private banking services include professional asset management, trust management and generation management. Die Sparkasse Bremen advises retail customers on all money matters, be it savings, financing, insurance, pension assurance or real estate.

22.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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