Online Lender creditshelf Reports Best Quarter Ever in Regards to Loan Originations
April 12, 2021 @ 11:42 am By JD Alois
Creditshelf, an online lender serving SMEs in Germany, says it experienced its best quarter in company history. During Q1 2021, creditshelf said it increased its arranged loan volume by 224% to € 37.6 million versus Q1 2020 of € 11.6 million. Growth came from both existing customers and new borrowers.
Outstanding loan volume grew from € 129.2 million as of March 31, 2021 versus € 82.1 million at the end of Q1 of 2020.
The average term of arranged loans was to 27.4 months in Q1 2021 verus 24.9 months in year prior with the average volume-weighted interest rate on the arranged loans at 9.0% in Q1 2021.
Amsterdam Trade Bank provides EUR 40 mn debt funding for creditshelf platform
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Important expansion of debt financing base on the creditshelf platform
Additional strategic investor uses creditshelf s lending platform as powerful access tool to the German market for SME loans
Debt capital of EUR 40 mn from the collaboration enables creditshelf to meet loan demand from German SMEs even more efficiently
Frankfurt am Main, Germany, January 19, 2021 ‒ creditshelf Aktiengesellschaft, the leading credit platform for digital SME finance in Germany, expands its investor base and gains Amsterdam Trade Bank as a new strategic investor. The company is thereby strengthening its debt financing base on the creditshelf platform and laying the foundation for further growth.
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