creditshelf on track: High double-digit growth in H1 2021
Frankfurt am Main, July 8, 2021 ? creditshelf, the leading credit platform for digital SME finance in Germany, significantly increased the arranged loan volume in H1 2021 and continues its envisaged growth path. A strong Q2 confirmed a positive trend which had already become apparent in the preceding quarters.
- creditshelf increased its arranged loan volume in H1 2021 by 57% to EUR 71.8 mn (H1 2020: EUR 45.6 mn).
- Since the launch of its platform in 2015, creditshelf has arranged a total of over EUR 360 mn in loans for German SMEs.
- The last 12 months alone saw an arranged loan volume of nearly EUR 120 mn.
- Institutional financing partnerships contributed significantly to the constant, positive development achieved over the last 3 quarters.
- At EUR 744.5 mn, the volume of loans requested stood at the normalized level of the prior-year period (H1 2020: EUR 860.1 mn; short-term peak in requests at the beginning of the Corona pandemic).
- The outstanding loan volume grew significantly to EUR 143.6 mn as of June 30, 2021 (June 30, 2020: EUR 103.9 mn).
- The average tenor of arranged loans was 29.1 months in H1 2021 (H1 2020: 24.5 months).
Dr. Tim Thabe, CEO of creditshelf, stated:
"For me, H1 2021 clearly demonstrates the accelerating momentum of our platform's expanding network. In the first half-year of 2021 we were able to build on the growth trend we had established since the beginning of the year. After May showed slower business, this positive development was mainly driven by a strong June. German SMEs are willing to invest again, and companies are looking for suitable financing that is quickly and easily available. We expect additional growth impetus from new bank partnerships, which we successfully initiated in H1 2021."
The complete H1 2021 release will be published by creditshelf on September 9, 2021.
Overview of alternative KPIs
|Volume of requested loans (in EUR mn)
|Volume of arranged loans (in EUR mn)
|Number of arranged loans
|Average ticket size (in kEUR)
|Average tenor (in months)
|Average interest rate (in % volume-weighted)
||- 45 bps
*Adjusted for a single, particularly high-interest loan. Beforementioned loan included, the average interest rate was 9.73%.
Upcoming Investor Relations events
|September 2, 2021
||Commerzbank & Oddo Corporate Conference, Frankfurt/ Main
|September 9, 2021
||Publication of the half-year financial report 2021
|September 24, 2021
||Baader Small Cap Day, Munich
|November 11, 2021
||Publication of the quarterly statement for Q3 2021
|November 22, 2021
||German Equity Forum, Presentation & 1-on-1s, Frankfurt /Main
Jan Stechele (CPO)
Birgit Hass (Head of PR)
Mainzer Landstrasse 33a
Tel.: +49 (69) 348 77 2413
Fabian Brügmann (CFO)
Maximilian Franz (Investor Relations Manager)
Mainzer Landstrasse 33a
Tel.: +49 69 348 719 113
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.
08.07.2021 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.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de