creditshelf Aktiengesellschaft
creditshelf – Strong business development in Q4 2019
DGAP-News: creditshelf Aktiengesellschaft
/ Key word(s): Quarter Results
creditshelf – Strong business development in Q4 2019 Frankfurt am Main, Germany, January 9, 2020 – creditshelf Aktiengesellschaft, a pioneer in digital SME financing in Germany, has accelerated its growth compared to the previous year. Thanks to a strong year-end business, Q4 contributed EUR 36.8 million in arranged loan volume to the 12-month total figure of EUR 88.5 million. This translates into a 75 % year-on-year increase. The positive development of creditshelf’s loan business in the fiscal year 2019 is reflected in the following numbers: Highlights
“Digital SME financing continues to gain importance in Germany and has by no means fully realized its market potential. The fact that we were able to grow more strongly in 2019 than in the previous year confirms that we are on the right track concerning our business model and our platform. Particularly encouraging was the strong year-end business with high volumes, to which the Commerzbank cooperation contributed with active deal flow, and stronger margins compared to the first nine months.” Fabian Brügmann, Chief Financial Officer of creditshelf, added: “We are very satisfied with our development for the full year 2019. We were able to increase our revenues and loan volumes significantly compared to the previous year, in particular due to a very successful fourth quarter. Some of the transactions envisaged in the second half of the year could not be finalised until the fourth quarter due to longer decision-making processes on the customer side. This further encourages us to focus our business activities on solid, long-term growth.” For the fiscal year 2020, creditshelf plans to publish quarterly preliminary figures on new lending volumes on the 6th business day after the end of each quarter. The complete annual report 2019 will be published by creditshelf on March 26, 2020. Overview of alternative KPIs
About creditshelf – www.creditshelf.com creditshelf is a pioneer in the field of digital SME finance in Germany that arranges loans via its easy-to-use online platform, www.creditshelf.com. The company, which was founded in 2014 and is based in Frankfurt am Main, sees itself as a market and technology leader in the fast-growing digital SME finance business in Germany. As a provider of SME finance, creditshelf has developed its platform to meet the financing needs of German SME borrowers through loans from investors interested in this asset class. By offering to arrange corporate loans in this way, creditshelf enables small and medium-sized companies to access highly attractive alternative finance options. At the same time, creditshelf offers professional investors looking for attractive investment opportunities access to SME finance. The company’s core competencies include the selection of suitable credit projects, credit quality analysis for potential borrowers, credit scoring, and risk-adequate pricing. creditshelf receives fees for its services from both the SME borrowers and the investors. creditshelf news posted daily at
09.01.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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: | 948919 |
End of News | DGAP News Service |