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Published in · 6 min read · Apr 12, 2023
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Learn how CreditShelf, a leading German fintech company, secured 100 million euros of investment from Goldman Sachs and what that means for businesses seeking credit.
CreditShelf recently received 100 mn € from Goldman Sachs to lend out via their platform; Goldman joins other investors like the European Investment Fund. The fintech works with Raisin Bank to get SMEs loans within four weeks. They IPOed already in 2018 in Frankfurt as the first pure-play fintech in Germany.
We see there is a lack of funding for our clients from traditional credit providers e.g. banks.
Daniel Bartsch — Co-Founder and CEO CreditShelf
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We manage dedicated credit vehicles e.g. from the European Investment Fund from which we take out the funds and match them with the applicants on our platform.
Daniel Bartsch — Co-Founder and CEO CreditShelf
This recording is supported by HTAI and the Enterprise Europe Network Hessen
This recording was made possible by HTAI and the Enterprise Europe Network Hessen. These organizations have made tremendous contributions to helping startup businesses succeed and thrive, providing a range of services from helping to find grants to ongoing partnerships. By taking advantage of these resources, startup companies can network and develop innovative strategies for success on the international stage. The dedicated support of HTAI and the Enterprise Europe Network Hessen is paramount in providing startup businesses with the tools for lasting success. Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our
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We also fund M&A situations, currently many SME company owners want to retire and we help to fund the successor to buy the company.
Daniel Bartsch — Co-Founder and CEO CreditShelf
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We are thrilled to welcome Daniel Bartsch (https://www.linkedin.com/in/dr-daniel-bartsch-1960387a) back as a guest on our show. He was a guest in fall of 2018, shortly after CreditShelf IPOed in Frankfurt, at this time the only listed pure play fintech company in Germany to do so. Daniel is a highly accomplished finance executive with a wealth of experience in the industry. He holds an MBA from the prestigious University of Mannheim and a Ph.D. from the University of Düsseldorf. His impressive resume includes positions at well-respected firms such as Kienbaum and Bain & Company. Furthermore, he has spent eight years as an executive director for Swiss banking giant UBS, in their investment bank in Zürich and Singapore for FICC (Fixed Income, Currencies and Commodities). In 2016, he co-founded CreditShelf with two friends, which provides innovative financing solutions for small and medium-sized businesses. Daniel currently serves as the CFO of CreditShelf, where he continues to make significant strides in the industry. Daniel is an expert in the field of alternative lending and has been instrumental in developing their successful platform. We are excited to hear more from Daniel about the current state of finance and his insights into the industry’s future.
Small and medium enterprises are the backbone of Germany’s mighty economy. However, these companies often struggle to secure financing from traditional banks due to their size and lack of assets. That’s where CreditShelf (https://www.creditshelf.com/) comes in, providing a unique solution to bridge the gap between institutional investors and German Mittelstand (small and medium companies). What sets CreditShelf apart is its use of data-driven risk analysis software, which allows them to quickly and accurately assess a company’s creditworthiness. This means that loans can be approved and paid out in as little as four weeks, providing a fast and convenient solution for businesses looking to expand or make strategic acquisitions. With loans ranging from 100.000 € to 5 M € and terms up to 5 years, CreditShelf is changing the game regarding credit for small and medium enterprises in Germany. They allow to stretch up the repayment up to 5 years for supplies, scale-up, real estate, and even the acquistion of companies.
Especially for acquiring companies, they play a crucial role, where 28% of owner CEOs of Germany’s Mittelstand are in their 60s right now and want to sell the company to a successor. According to researchers up to 465.000 companies may have to shut down until 2025, due to a lack of successors.
You can find the interview from Fall 2018 with Daniel here:
We provide our loans “Überall wo es dampft, zischt und raucht” everywhere it is ‘steaming, hissing and smoking.’ Meaning companies that produce physical products.
Daniel Bartsch — Co-Founder and CEO CreditShelf
You can learn more about the company that is still hiring
- 62 mn in 2019 from the European Investment Fund https://www.eif.org/what_we_do/guarantees/news/2019/efsi-creditshelf-germany.htm
- 100 mn € from Goldman Sachs https://www.altfi.com/article/10100_creditshelf-partners-with-goldman-sachs-and-hits-profitability
- https://www.crunchbase.com/organization/creditshelf
- https://twitter.com/creditshelf
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This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:
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In this interview, we are talking about
#fintech #startup #eenhessen #EEN #credit #sme #smefunding #creditplatform #germanstartup #europeanstartup #germany #europe #startupradio
