Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

PRESS RELEASE : creditshelf and Volksbank Bielefeld-Gütersloh agree on cooperation

06/01/2021 | 03:04am EDT
DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Alliance 
creditshelf and Volksbank Bielefeld-Gütersloh agree on cooperation 
2021-06-01 / 07:30 
The issuer is solely responsible for the content of this announcement. 
creditshelf and Volksbank Bielefeld-Gütersloh agree on cooperation 
  . Expansion of Volksbank Bielefeld-Gütersloh's comprehensive product offering by introducing unsecured, digital 
    creditshelf loans 
  . Cooperation illustrates focused commitment of Volksbank to digital solutions 
  . creditshelf expands strategic bank cooperations to the third pillar of the German banking system, gaining an 
    important distribution channel 
Frankfurt am Main, June 1, 2021 ? creditshelf Aktiengesellschaft and Volksbank Bielefeld-Gütersloh enter into a 
comprehensive cooperation agreement to expand the financing offer for SMEs in East Westphalia. After cooperations with 
representatives from the private bank and savings bank segment, this marks the first cooperation with a cooperative 
bank for creditshelf. 
Volksbank Bielefeld-Gütersloh expands its product portfolio with the digital loan offer of creditshelf AG. For a 
variety of financing situations, the East-Westphalian SME sector now also benefits from unsecured loans with a term of 
up to 8 years and an amount of up to EUR 5 million. This enables Volksbank Bielefeld-Gütersloh to offer its strong, 
regional clientele access to an additional modern financing option whereas creditshelf can strengthen its platform 
network with another sales partner. 
Ulrich Scheppan, Member of the Board of Volksbank Bielefeld-Gütersloh: "The cooperation with creditshelf is a logical 
step in our digital transformation strategy. Innovations are the key to success, and this naturally extends to 
corporate lending. By cooperating with creditshelf, we are opening up an additional opportunity for our customers to 
finance creative ideas and promising business opportunities combined with the service benefits at their local 
Dr. Daniel Bartsch, founding partner and market board member of creditshelf: "We are very pleased to welcome Volksbank 
Bielefeld-Gütersloh as another innovative bank partner in our network. This means that creditshelf is now not only 
present in the private banking and saving bank sectors, but also in the cooperative banking sector. Volksbank 
Bielefeld-Gütersloh represents an ideal partner with its innovative and digitally driven strategy while maintaining 
strong roots in the SME sector of the East Westphalia region. We are proud to be able to support the financing of those 
SME customers." 
Corporate Communications: 
creditshelf Aktiengesellschaft 
Jan Stechele (CPO) 
Birgit Hass (Head of PR) 
Mainzer Landstrasse 33a 
60329 Frankfurt 
Tel.: +49 (69) 348 77 2413 
Volksbank Bielefeld-Gütersloh eG 
Dennis Will (Pressesprecher) 
Kesselbrink 1 
33602 Bielefeld 
Tel.: +49 (175) 265 0979 
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 
About Volksbank Bielefeld-Gütersloh 
Volksbank Bielefeld-Gütersloh is a personal and digital financial services provider for companies and private 
individuals alike. It has more than 111,000 members and is a strong partner for SMEs in the East Westphalia region. The 
successful cooperative bank offers a comprehensive portfolio of intelligent and future-oriented services. The "DNA" of 
Volksbank includes innovative projects and investments. For example, the international mixed fund "Volksbank 
Bielefeld-Gütersloh NachhaltigkeitsInvest", the investment in fintechs, the energy cooperative "GrünEnergie eG" and the 
novel concept of the Bielefeld Volksbank lobby with the integrated gastro concept "Green Bowl" or the "Bankery - Bank 
und Genuss" in Gütersloh. Being part of the regional middle class itself, the cooperative bank is successfully engaged 
as a strong partner of the East Westphalian start-up scene in local start-up networks. By participating in a venture 
capital fund, Volksbank also continues to invest in the future of the banking business. As recently as the beginning of 
2021, Volksbank Bielefeld-Gütersloh founded the wholly owned subsidiary "Klarwert GmbH", which has developed a fully 
digitalized solution for wealth management with the Berlin-based WealthTech platform Elinvar. 
In 2020, Volksbank Bielefeld-Gütersloh achieved total assets of EUR 5.33 billion with more than 700 dedicated 
employees, making it one of the largest Volksbanks in Germany. 
For more information, please visit: www.volksbank-bi-gt.de 
2021-06-01 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 
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:  1202743 
End of News   DGAP News Service 

1202743 2021-06-01

Image link: 

(END) Dow Jones Newswires

June 01, 2021 01:31 ET (05:31 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
CREDITSHELF AKTIENGESELLSCHAFT -1.93% 40.6 Delayed Quote.-3.72%
DJ INDUSTRIAL -0.48% 34584.88 Delayed Quote.13.54%
09/14PRESS RELEASE : creditshelf reaches milestone of more than EUR 100 million new b..
09/14CREDITSHELF : reaches milestone of more than EUR 100 million new business while ..
09/09CREDITSHELF : Strong growth in volume and revenue in H1 2021 paves path to break..
09/09PRESS RELEASE : creditshelf: Strong growth in volume and revenue in H1 2021 pave..
09/09Creditshelf Aktiengesellschaft Provides Earning Guidance for the Year 2021
09/09Creditshelf Aktiengesellschaft Reports Earnings Results for the Half Year End..
08/31DGAP-AFR : creditshelf Aktiengesellschaft: Preliminary announcement of the publi..
07/16PRESS RELEASE : creditshelf Aktiengesellschaft: AMSTERDAM TRADE BANK INCREASES I..
07/16CREDITSHELF AKTIENGESELLSCHAFT : Amsterdam trade bank increases investment volum..
07/16Creditshelf Aktiengesellschaft and Amsterdam Trade Bank Further Expands Succe..
More news
Sales 2021 7,30 M 8,55 M 8,55 M
Net income 2021 -3,65 M -4,28 M -4,28 M
Net Debt 2021 - - -
P/E ratio 2021 -15,7x
Yield 2021 -
Capitalization 57,0 M 66,9 M 66,7 M
Capi. / Sales 2021 7,81x
Capi. / Sales 2022 4,85x
Nbr of Employees 57
Free-Float 66,5%
Duration : Period :
creditshelf Aktiengesellschaft Technical Analysis Chart | MarketScreener
Full-screen chart
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 2
Last Close Price 41,40 €
Average target price 64,50 €
Spread / Average Target 55,8%
EPS Revisions
Managers and Directors
Tim Thabe Chairman-Management Board
Fabian Brügmann Chief Financial Officer
Rolf Elgeti Chairman-Supervisory Board
Gregor Heinrich Chief Technology Officer
Daniel Bartsch COO & Vice Chairman-Management Board