Creditshelf successfully listed on Frankfurt Stock Exchange
- Successful listing and inclusion of shares in the Prime Standard segment
- Use of net proceeds for further development of its proprietary data-driven risk analysis algorithm, expansion of product portfolio, implementation of bank cooperations and to increase brand awareness
Frankfurt, July 25th 2018 – creditshelf Aktiengesellschaft („creditshelf“ or the „Company“; ISIN DE000A2LQUA5), a pioneer of online direct lending for the small and medium sized enterprises („SME“) segment in Germany that facilitates loans through a fast and easy to use online platform, www.creditshelf.com., made its successful debut on the Frankfurt Stock Exchange today.
The shares of creditshelf (ISIN: DE000A2LQUA5, WKN: A2LQUA) are being traded on the regulated market (Prime Standard) of the Frankfurt Stock Exchange. The first price was set at EUR 80.00. Dr. Tim Thabe, CEO, and Dr. Daniel Bartsch, COO, who are also co-founders of creditshelf, as well as CRO Dr. Mark Währisch together rang the bell on the trading floor for the first price.
Dr. Tim Thabe, CEO of creditshelf, commented: „With our stock exchange listing in Frankfurt, we are not only taking an important step in the history of our Company, but also a milestone in the establishment of digital SME financing as an addition or alternative to traditional bank loans. The success of our IPO has confirmed that we are on the right track with our business model.“
Dr. Daniel Bartsch, COO, adds: „With the successful IPO, we have generated growth capital with which we will further consolidate our position as a solid and professional partner to small and medium-sized enterprises in financing matters. As a Company listed in the Prime Standard, we show that the highest transparency requirements are the standard to which creditshelf is happy to adhere. I think this is an important signal for our business partners, customers and high quality investors using the creditshelf Platform.“
Dr. Mark Währisch, COO, continues to elaborate: „The proceeds from the capital increase will be allocated to the Company. Among other things, we will use them to further improve our proprietary software and our risk analysis algorithm. Our aim is to establish a new standard for credit analysis in the SME sector through digitization and automatization.“
Commerzbank acted as Sole Global Coordinator and Sole Bookrunner. Lazard acted as Financial Advisor for creditshelf.
creditshelf is a pioneer of online direct lending for the small and medium sized enterprises („SME“) segment in Germany that facilitates loans through a fast and easy to use online platform, www.creditshelf.com. Founded in 2014, creditshelf is based in Frankfurt am Main, Germany and considers itself the market- and technology leader in the fast-growing German online direct lending segment for SME loans. creditshelf’s platform („creditshelf Platform“) is designed to match the financing needs of German SME borrowers with investors willing to invest in SME loan receivables. In this process creditshelf offers to broker unsecured loans and thereby acts as an intermediary offering access to a highly attractive funding alternative for SMEs. At the same time, it offers access to the SME loan asset class for professional investors seeking for attractive investment opportunities. creditshelf’s main competences are selecting suitable credit projects, analyzing the creditworthiness of potential borrowers, providing a credit scoring as well as an indicative coupon range. For its services, creditshelf receives fees from both, SME borrowers as well as from investors.
In the period from the launch of the creditshelf Platform in 2015 until end of Q1 2018, creditshelf received in total more than 1,100 loan applications with a total requested volume of approx. EUR 900 million. In total, 127 loans have been brokered through the creditshelf Platform with a total volume of approx. EUR 58 million.
creditshelf considers itself to be ideally positioned for future growth due to the high scalability of its platform business model, the strong demand from SME borrowers and the low market place lending penetration in the German SME segment to date. In addition, the Company has identified three pillars of additional growth: software development, potential future bank cooperations and a potential product portfolio expansion.
Telephone: +49(0)611 – 205855-22
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