creditshelf, an online lender serving SMEs in Germany, is reporting solid Q3 results as loan originations rise.
According to a note distributed by creditshelf, new loan business during the 9 months of the fiscal year 2021 grew by 58% to € 110.9 million ( versus € 70.3 million).
On a rolling basis, the last 12 months delivered new business in the amount of almost € 140 million.
During Q3 2021, creditshelf reports € 39.1 million in new loan business (versus € 24.7 million) that is said to indicate a sustainable, strong performance in generating attractive investment opportunities for institutional investors.
Loan requests are said to have accumulated to a total volume of more than € 5.7 billion since the platform was launched.
In total, creditshelf has originated loans of more than € 400 million.
creditshelf adds that the volume of loans requested during the 9 month period in 2021 leveled with the prior-year period, while loan quality increased.
The average ticket size was € 1,018,000 during 2021 (versus € 890,000), reflecting SMEs’ increasing demand for larger loan volumes.
Dr. Daniel Bartsch, COO of creditshelf, commented:
“After a very successful first 9 months, we remain optimistic for the rest of 2021. The usual ‘summer slump’ was absent this year, and in Q3 2021 we recorded the strongest quarter in company history. Until year-end, we are looking forward to numerous promising projects. Our continuously growing production of digital SME loans reflects the increasing importance of our financing solution for the German Mittelstand. At the same time, it illustrates that we can provide a relevant volume of investment opportunities for institutional investors in the long term.”
The complete Q3 2021 release will be published by creditshelf on November 11, 2021.
