creditshelf - Strong business development in Q4 2019

Frankfurt am Main, Germany (ots) - creditshelf Aktiengesellschaft, a pioneer in
digital SME financing in Germany, has accelerated its growth compared to the
previous year. Thanks to a strong year-end business, Q4 contributed EUR 36.8
million in arranged loan volume to the 12-month total figure of EUR 88.5
million. This translates into a 75 % year-on-year increase. The positive
development of creditshelf's loan business in the fiscal year 2019 is reflected
in the following numbers:

Highlights

- With EUR 1,340.7 million, the volume of loans requested was 29 %
higher than the result for the 2018 fiscal year (FY 2018: EUR
1,042.2 million).
- The volume of arranged loans amounted to EUR 88.5 million in the
fiscal year 2019 (FY 2018: EUR 50.7 million).
- Acceleration of growth in arranged loans to 75 % year-on-year
(FY 2018 vs. FY 2017: 51 %).
- As a reliable partner to Germany's small and medium-size
enterprises (SMEs), creditshelf arranged total accumulated loans
of more than EUR 190.7 million since its launch in 2015.
- The average tenor of loans arranged in the fiscal year 2019 has
increased to 27.7 months (FY 2018: 19.9).
- Outstanding loans amounted to EUR 88.1 million on December 31,
2019.
- Strong Q4 with a volume of arranged loans of EUR 36.8 million
shaped by significant catch-up effects from the previous quarter
and the successful conclusion of larger transactions at the end
of the year.
- December 2019 was the strongest month in creditshelf's history
with an arranged loan volume of EUR 21.2 million and high
margins.
- The average ticket size of loans arranged in the fiscal year
2019 was EUR 893 thousand (FY 2018: EUR 745 thousand), in Q4 EUR
1.313 thousand.

Dr. Daniel Bartsch, COO of creditshelf, stated:

"Digital SME financing continues to gain importance in Germany and has by no
means fully realized its market potential. The fact that we were able to grow
more strongly in 2019 than in the previous year confirms that we are on the
right track concerning our business model and our platform. Particularly
encouraging was the strong year-end business with high volumes, to which the
Commerzbank cooperation contributed with active deal flow, and stronger margins
compared to the first nine months."

Fabian Brügmann, Chief Financial Officer of creditshelf, added:

"We are very satisfied with our development for the full year 2019. We were able
to increase our revenues and loan volumes significantly compared to the previous
year, in particular due to a very successful fourth quarter. Some of the
transactions envisaged in the second half of the year could not be finalised
until the fourth quarter due to longer decision-making processes on the customer
side. This further encourages us to focus our business activities on solid,
long-term growth."

For the fiscal year 2020, creditshelf plans to publish quarterly preliminary
figures on new lending volumes on the 6th business day after the end of each
quarter.

The complete annual report 2019 will be published by creditshelf on March 26,
2020.

Overview of alternative KPIs

FY 2019 FY 2018 +/-
Volume of requested 1,340.7 1,042.2 +29 %
loans (in EUR million)
Volume of arranged 88.5 50.7 +75 %
loans (in EUR million)
Number of arranged loans 99 68 +46 %
Average ticket size 893 745 +20 %
(in EUR thousand)
Average tenor (in months) 27.7 19.9 +39 %
Average interest rate 8.34 8.54 -20 bps
rate( in % volume-weighted)
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