Creditshelf generates 100 million euros in new business

The start-up wants to finance SMEs. With the new figures, it speaks of breaking a "sound barrier".

SME financier Creditshelf has reportedly broken the 100 million euro mark in new business. The company announced this in a press release on Tuesday and speaks euphorically of a "sound barrier" that has been broken. Over twelve months, new business even amounted to 135 million euros, and further growth is expected in 2021.

Creditshelf calls itself the "leading financier" for digitally granted SME loans in Germany and is a financing platform. Last year, the start-up, which was founded in 2014, generated new business of almost 99 million euros, which it was able to increase significantly this year. Tim Thabe, CEO of Creditshelf, says he is very "proud" to have already reached the "magic threshold of 100 million euros, where historically the strong months are still ahead of us. This shows that alternative financiers like Creditshelf play an important role in the SME lending industry and that their importance for SMEs continues to grow."

Creditshelf was founded in Frankfurt am Main in 2014 and provides loans to German SMEs. The company has been listed in the Prime Standard segment of the Frankfurt Stock Exchange since 2018, but its share price has not really performed well since then. In 2018, the share price was still over 80 euros per share, but shareholders now receive less than 50 euros for the financier's shares.