24 October 2017
Register now

BNI Europea invests EUR15 million in Creditshelf

31 July 2017  |  5369 views  |  0 Source: BNI Europa

In Banco BNI Europa (“BNI Europa”), Creditshelf has succeeded in acquiring another strategic partner to help it provide financing to small and medium-sized undertakings (SMEs).

The online marketplace that specialises in SME financing, and the Bank, which operates throughout Europe, have agreed that Banco BNI Europa will invest up to 15 million Euro in the credit platform over the coming months.

In the wake of the agreed partnership, Creditshelf has continued its growth trajectory. It was just last month that the online marketplace launched an SME credit initiative with over 100 million Euro. The partnership with BNI Europa is starting with an initial investment in the existing loan portfolio. The loan exposure will be subsequently increased by up to 2 million Euro each month.

“Investing in loans to medium-sized companies based in Germany is a very attractive class of investment to us”, says Pedro Coelho, Executive Chairman of BNI Europa. “With the creditshelf team, we have identified a highly professional partner, whose credit analysis process has proven totally convincing to us.”

And Creditshelf’s Managing Director, Dr. Daniel Bartsch, is equally convinced about the partnership: “We are delighted at finding another institutional investor for our platform, who is totally persuaded by the attractive risk-return profile of our product. The expansion of our investor base has seen our financing commitments rise well above 100 million Euro, allowing us to guarantee the rapid provision of funds to our medium-sized customers.”

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.niceactimize.comvisit www.vasco.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
20594 views comments | 31 tweets | 44 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15556 views comments | 24 tweets | 33 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11172 views comments | 12 tweets | 23 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job