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    CSQ   DE000A2LQUA5

CREDITSHELF AG

(CSQ)
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PRESS RELEASE: creditshelf and Sparkasse Bremen agree on cooperation

04/22/2021 | 01:31am EDT
DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Alliance 
creditshelf and Sparkasse Bremen agree on cooperation 
2021-04-22 / 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 
Germany 
Tel.: +49 (69) 348 77 2413 
presse@creditshelf.com 
www.creditshelf.com 
Investor Relations: 
creditshelf Aktiengesellschaft 
Fabian Brügmann (CFO) 
Maximilian Franz (Investor Relations Manager) 
Mainzer Landstrasse 33a 
60329 Frankfurt 
Germany 
Tel.: +49 69 348 719 113 
ir@creditshelf.com 
ir.creditshelf.com 
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. 
=---------------------------------------------------------------------------------------------------------------------- 
2021-04-22 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. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      creditshelf Aktiengesellschaft 
              Mainzer Landstrasse 33a 
              60329 Frankfurt/Main 
              Germany 
E-mail:       ir@creditshelf.com 
Internet:     www.creditshelf.com 
ISIN:         DE000A2LQUA5 
WKN:          A2LQUA 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1187186 
 
End of News   DGAP News Service 
=------------ 

1187186 2021-04-22

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1187186&application_name=news 
 

(END) Dow Jones Newswires

April 22, 2021 01:30 ET (05:30 GMT)

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ChangeLast1st jan.
COMMERZBANK AG 1.07% 5.181 Delayed Quote.-2.66%
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DJ INDUSTRIAL 0.53% 34985.61 Delayed Quote.14.74%
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Financials
Sales 2021 7,40 M 8,76 M 8,76 M
Net income 2021 -3,70 M -4,38 M -4,38 M
Net Debt 2021 4,00 M 4,74 M 4,74 M
P/E ratio 2021 -15,3x
Yield 2021 -
Capitalization 57,3 M 67,8 M 67,8 M
EV / Sales 2021 8,28x
EV / Sales 2022 5,77x
Nbr of Employees 54
Free-Float 66,5%
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Mean consensus BUY
Number of Analysts 3
Last Close Price 41,60 €
Average target price 63,00 €
Spread / Average Target 51,4%
EPS Revisions
Managers and Directors
Tim Thabe Chairman-Management Board
Fabian BrŘgmann Chief Financial Officer
Rolf Elgeti Chairman-Supervisory Board
Gregor Heinrich Chief Technology Officer
Daniel Bartsch COO & Vice Chairman-Management Board
Sector and Competitors