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creditshelf and Volksbank Bielefeld-Gütersloh agree on cooperation

DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Alliance creditshelf and Volksbank Bielefeld-Gütersloh agree on cooperation 01.06.2021 / 07:30 The issuer is solely responsible for the content of this announcement. creditshelf and Volksbank Bielefeld-Gütersloh agree on cooperation

• Expansion of Volksbank Bielefeld-Gütersloh's comprehensive product offering by introducing unsecured, digital creditshelf loans
• Cooperation illustrates focused commitment of Volksbank to digital solutions
• creditshelf expands strategic bank cooperations to the third pillar of the German banking system, gaining an important distribution channel

Frankfurt am Main, June 1, 2021 ‒ creditshelf Aktiengesellschaft and Volksbank Bielefeld-Gütersloh enter into a comprehensive cooperation agreement to expand the financing offer for SMEs in East Westphalia. After cooperations with representatives from the private bank and savings bank segment, this marks the first cooperation with a cooperative bank for creditshelf.

Volksbank Bielefeld-Gütersloh expands its product portfolio with the digital loan offer of creditshelf AG. For a variety of financing situations, the East-Westphalian SME sector now also benefits from unsecured loans with a term of up to 8 years and an amount of up to EUR 5 million. This enables Volksbank Bielefeld-Gütersloh to offer its strong, regional clientele access to an additional modern financing option whereas creditshelf can strengthen its platform network with another sales partner.

Ulrich Scheppan, Member of the Board of Volksbank Bielefeld-Gütersloh: "The cooperation with creditshelf is a logical step in our digital transformation strategy. Innovations are the key to success, and this naturally extends to corporate lending. By cooperating with creditshelf, we are opening up an additional opportunity for our customers to finance creative ideas and promising business opportunities combined with the service benefits at their local Volksbank."