This Fintech Got 100 mn € From Goldman Sachs to Invest | Creditshelf

FinTech Germany – Innovation, Banking & Venture Capital by Startuprad.io™

Executive Summary

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.

The Founder

Daniel is a returning guest. We interviewed CrediShelf shortly after their IPO in 2018 (link below). Daniel holds an MBA from the University of Mannheim and a Ph.D. from the University of Düsseldorf. He has experience s a management consultant from Kienbaum and Bain & Company. He has also been an executive director for Swiss banking giant UBS for eight years in their investment bank (Fixed Income, Currencies and Commodities (FICC)) in Zürich and Singapore. He is one of the three co-founders of CreditShelf, which was set up in 2016, and currently acting as the CFO of the company.

The Startup

CreditShelf is a credit platform connecting institutional investors and German Mittelstand (German small and medium enterprises). They provide corporate loans using a licensed bank (Raisin Bank). The loans work as a fast stand-alone solution (can be paid out within 4 weeks) or part of a more significant credit, involving other parties and banks. The company has successfully developed an online credit marketplace platform whose processes are supported by proprietary, data-driven risk analysis software. On their platform, they offer loans for companies located in Germany from 100.000 € to 5 M €, stretching up to 5 years for supplies, scale-up, real estate, and M&A. The CreditShelf platform models the entire credit process, from the loan application through credit analysis and risk management to loan disbursement and servicing.

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All Links and Show Notes

Here is our blog post: https://medium.com/startuprad-io/this-fintech-got-100-mn-from-goldman-sachs-to-invest-creditshelf-782d9f2223b7

Chapters:

00:00:00 Intro

00:01:50 Daniel Bartsch, CFO - Former Management Consultant and Investment Banker

00:03:16 The Company - CreditShelf

00:13:42 Loan Demand in Germany Outstripping Supply

00:23:44 CreditShelf’s Outlook on the Economy in 2023

00:25:18 Hessen and Frankfurt as Startup Hub

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