creditshelf: Strong growth in volume and revenue in H1 2021 paves path to break-even

·6-min read

DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Half Year Report
09.09.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

creditshelf: Strong growth in volume and revenue in H1 2021 paves path to break-even

Frankfurt am Main, September 9, 2021 ‒ creditshelf Aktiengesellschaft, the leading financier for digital SME loans in Germany, is publishing its results for H1 2021 today.

As a result of two of the strongest quarters in the company's history creditshelf grew significant in H1 2021: EUR 71.8 mn in arranged loans (H1 2020: EUR 45.6 mn) resulted in revenues of kEUR 3,380.1 (H1 2020: kEUR 2,501.3), translating to a plus of 35.1%. Drivers of this success included a distinct, data-driven marketing approach, continuously expanded sales channels - including online direct sales, a growing partner network and strategic bank cooperations - as well as a high rate of satisfied customers, resulting in follow-up financing requests. Diverse, competitive, and complementary funding channels provided additional impetus for growth and include the creditshelf Loan Fund, Amsterdam Trade Bank, as well as numerous other investors. By constantly optimizing its risk analysis technology, creditshelf provides these investors with attractive returns while maintaining a stable portfolio performance.

creditshelf CEO Dr. Tim Thabe comments on H1 2021: "Investment courage is returning in the German SME sector - and we are ready to deliver. Through institutional partners such as Amsterdam Trade Bank, which recently expanded its financing commitment from EUR 40 to 60 mn, we have created ideal conditions to meet our customers' investment needs. At the same time, we have been able to increase the quality of inquiries through our growing partner network and our distinct, data-driven marketing approach. Two strong quarters demonstrate that our platform has reached critical scale. It harbors the potential to take digital SME finance to the next level."

Economies of scale are reflected in losses cut in half compared to H1 2020. Despite higher regular amortization of intangible assets, EBIT improved significantly to kEUR -1,539.6 (H1 2020: kEUR -3,015.4). Total expenses reduced compared to previous year's level despite a sharp rise of arranged loan volume. Personnel expenses decreased with a constant headcount, driven by lower expenses for share-based employee incentive programs. Marketing and advertising expenses were down substantially compared with the prior-year period, partly as a result of efficiency gains from a sustainable reorganization of the marketing presence and pandemic-related restraint in event and live communications. The same applies to the other operating expense items, which were further reduced as a result of internal automation and focused non-personnel cost management, following up on measures taken already in the 2020 fiscal year.

"The H1 2021 numbers show that we can grow cost-efficiently by leveraging our technology and improving our processes. This illustrates the scaling potential of our business model and the large steps made on the path to profitability. We have already seen profitable months on our way to break-even," explains CFO Fabian Brügmann.

The Management Board confirms the forecast published on March 30, 2021, as part of the annual report. The range for group revenue remains unchanged at EUR 6 to 8 million. Also unchanged, the Management Board expects negative group EBIT of minus EUR 3 to minus EUR 4 million.

Key figures at a glance


H1 2021

H1 2020

in EUR million



Loan request volume



Arranged loan volume






in kEUR






of which borrower fees



of which investor, servicing, and advisory fees



Other income



Own work capitalized



Total expenses



Personnel expenses



of which for share-based employee incentive programs



Advertising and marketing expenses



Legal and consulting expenses



Third-party services



Miscellaneous other operating expenses






Depreciation and amortization







Upcoming IR Events

September 24, 2021 Baader Small Cap Day, Munich
November 11, 2021 Publication of the quarterly statement for Q3 2021
November 22, 2021 German Equity Forum, Presentation & 1-on-1s, Frankfurt/ Main

The full report for the first half-year of 2021 is available for download effective today from the company's investor relations website,

Corporate Communications:

creditshelf Aktiengesellschaft
Jan Stechele (CPO)
Birgit Hass (Head of PR)
Mainzer Landstrasse 33a
60329 Frankfurt
Tel.: +49 (69) 348 77 2413

Investor Relations:

creditshelf Aktiengesellschaft
Fabian Brügmann (CFO)
Maximilian Franz (Investor Relations Manager)
Mainzer Landstrasse 33a
60329 Frankfurt
Tel.: +49 69 348 719 113

About creditshelf

creditshelf is the leading financier for digital SME loans in Germany. Founded in 2014 and headquartered in Frankfurt am Main, the company arranges bank-independent, flexible financing solutions via its constantly growing network. creditshelf caters to complementary needs: SME entrepreneurs gain easy access to attractive alternative financing solutions, institutional investors can invest directly in German SMEs, and the company's partners can support their clients as innovative providers of new credit solutions. creditshelf's business model revolves around its unique, data-driven risk analysis and unbureaucratic, fast digital processes. creditshelf covers the entire value chain: Its platform is used to select suitable credit projects, analyze potential borrowers' credit quality, perform credit scoring, and price risk adequately. The company receives fees from both borrowers and investors for these services.

creditshelf has been listed on the Frankfurt Stock Exchange's Prime Standard segment since 2018. The experts making up its team have many years' experience of SME financing and are trusted partners and visionaries for building tomorrow's businesses.

09.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at




creditshelf Aktiengesellschaft

Mainzer Landstrasse 33a

60329 Frankfurt/Main









Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

EQS News ID:



End of News

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting