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DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Alliance/Agreement
AMSTERDAM TRADE BANK INCREASES INVESTMENT VOLUME VIA CREDITSHELF PLATFORM TO EUR 60 MN
- Amsterdam Trade Bank expands debt funding on creditshelf platform by EUR 20 mn, now totaling EUR 60 mn
- Extension of successful cooperation that has been in place since the beginning of the year
- Loans to German SMEs via creditshelf platform remain attractive asset class for investors
Frankfurt am Main, Germany, July 16, 2021 ‒ creditshelf Aktiengesellschaft, the leading credit platform for digital SME finance in Germany, and its important financing partner Amsterdam Trade Bank further expand their successful collaboration. Amsterdam Trade Bank increases the funding volume for SME loans via the creditshelf platform by another EUR 20 mn, totaling Amsterdam Trade's commitment to EUR 60 mn.
Matt Kus, Head of SME Credit Origination at Amsterdam Trade Bank: "So far, we have been very satisfied with the collaboration. creditshelf has steadily delivered increased loan volume over the past months without compromising the credit criteria we set for the facility. In all of our interactions we have experienced nothing but professional execution and we appreciate the active monitoring creditshelf performs on our exposures. We are happy to support the German SME sector with the additional funds in this important phase of economic upswing."
Dr. Daniel Bartsch, founding partner and Chief Operating Officer of creditshelf, adds: "We are honored by the trust placed in us by Amsterdam Trade Bank. It shows that our platform works and meets the requirements of highly regulated investors, especially when it comes to our selection and risk analysis processes. Via creditshelf, institutional investors like Amsterdam Trade can benefit from a unique access to the German Mittelstand, and at the same time receive a "full-service" package."
Amsterdam Trade Bank had agreed to invest in loans arranged via creditshelf's platform at the beginning of this year. The original commitment amounted to EUR 40 mn. This commitment will now be increased to EUR 60 mn. Until today, the creditshelf platform has arranged over EUR 350 mn in loans for German SMEs. This was made possible by significant commitments of institutional investors such as the European Investment Fund, BNP Paribas Asset Management or Amsterdam Trade Bank, investing in SME loans either directly via creditshelf's platform or via the creditshelf Loan Fund.
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.
ABOUT AMSTERDAM TRADE BANK
16.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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