DGAP-News
creditshelf: Strong revenue growth and record loan volume in Q1 2021
DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Quarterly / Interim Statement creditshelf: Strong revenue growth and record loan volume in Q1 2021 |
- Strong increase in arranged loan volume drives significant revenue growth
- While growth continues, efficiency gains and continued prudent cost management lead to lower quarter-over-quarter overall expenses
- Further expansion of ecosystem as key component of growth strategy
- Forecast for 2021 fiscal year confirmed
Frankfurt am Main, May 12, 2021 ‒ creditshelf Aktiengesellschaft, the leading credit platform for digital SME finance in Germany, is publishing its results for Q1 2021 today.
Compared to Q1 2020, the company grew strongly in both arranged loan volume and revenue: Q1 2021 was the strongest quarter in creditshelf's history with EUR 37.6 mn in arranged loans (Q1 2020: EUR 11.6 mn). Successful partnerships, with which creditshelf is constantly expanding the SME financing ecosystem around the creditshelf platform, were the driver of this achievement. In Q1 2021, the company established additional important strategic partnerships going forward: the cooperation with Commerzbank will be intensified. In addition to the existing cooperation with the Corporate Clients segment, creditshelf's product offering is now available to Commerzbank's SME customers in the Private and Small-Business segment. Additionally, creditshelf was able to gain another strategic banking partner, Sparkasse Bremen, from the savings bank sector. These corporations combined with a steadily growing number of additional referring partners from the financing advisors sector are a key pillar of our growth plans for 2021 and the upcoming years.
Dr. Tim Thabe, creditshelf CEO, comments on Q1 2021: "After a successful year's start, our main task is to continue on our growth path. We will gain momentum by expanding our network, developing our technology, and designing new product solutions for SME borrowers. The structural shift toward digital, alternative financing solutions, especially in SME financing, continues. We are well positioned to take advantage of these opportunities."