This Fintech Got 100 mn € From Goldman Sachs to Invest | Creditshelf | Podcast Episode #378 — Founder Interview
- Juan Diego Parra Castillo
- 2 days ago
- 6 min read
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
This article is part of our coverage of Scaleup Founder Interviews from Germany, Austria, and Switzerland.
Executive Summary
This blog post first appeared first on old medium publication (https://medium.
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.
If you are listening to our content for the 2nd time, please follow us on social media.
This recording was made possible by HTAI and the Enterprise Europe Network Hessen.
New Blog
This Fintech Got 100 mn € From Goldman Sachs to Invest | Creditshelf | Podcast Episode #378 — Founder Interview Startuprad.io brings you independent coverage of the key developments shaping the startup and venture capital landscape across Germany, Austria, and Switzerland.
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
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.
We see there is a lack of funding for our clients from traditional credit providers e.g. banks.Daniel Bartsch — Co-Founder and CEO CreditShelf
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If you are listening to our content for the 2nd time, please follow us on social media.
We manage dedicated credit vehicles e.g. from the European Investment Fund from which we take out the funds and match them with the applicants on our platform.Daniel Bartsch — Co-Founder and CEO CreditShelf
Our Enablers
This recording is supported by HTAI and the Enterprise Europe Network Hessen
This recording was made possible by HTAI and the Enterprise Europe Network Hessen. These organizations have made tremendous contributions to helping startup businesses succeed and thrive, providing a range of services from helping to find grants to ongoing partnerships. By taking advantage of these resources, startup companies can network and develop innovative strategies for success on the international stage. The dedicated support of HTAI and the Enterprise Europe Network Hessen is paramount in providing startup businesses with the tools for lasting success. Look for our dedicated sub-podcast in partnership with them: Tech Startups Germany on our
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We also fund M&A situations, currently many SME company owners want to retire and we help to fund the successor to buy the company.Daniel Bartsch — Co-Founder and CEO CreditShelf
The Video Interview is set to go live on Thursday, April 12th, 2023
Find Us on Newsly
Newsly gathers the most trending web articles, reads them in a natural human voice, and showcases trending podcasts from over 80 countries. Newsly was recently selected by BestStartup.ca as the top 15 consumer apps in Canada and got to the top 3 daily products on Product Hunt.
Register here: http://www.newsly.me/ and use the coupon code “STARTUPRAD” to get a one-month free premium subscription.
The Audio Interview
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The Founder
We are thrilled to welcome Daniel Bartsch (https://www.linkedin.com/in/dr-daniel-bartsch-1960387a) back as a guest on our show. He was a guest in fall of 2018, shortly after CreditShelf IPOed in Frankfurt, at this time the only listed pure play fintech company in Germany to do so. Daniel is a highly accomplished finance executive with a wealth of experience in the industry. He holds an MBA from the prestigious University of Mannheim and a Ph.D. from the University of Düsseldorf. His impressive resume includes positions at well-respected firms such as Kienbaum and Bain & Company. Furthermore, he has spent eight years as an executive director for Swiss banking giant UBS, in their investment bank in Zürich and Singapore for FICC (Fixed Income, Currencies and Commodities). In 2016, he co-founded CreditShelf with two friends, which provides innovative financing solutions for small and medium-sized businesses. Daniel currently serves as the CFO of CreditShelf, where he continues to make significant strides in the industry. Daniel is an expert in the field of alternative lending and has been instrumental in developing their successful platform. We are excited to hear more from Daniel about the current state of finance and his insights into the industry’s future.
The Startup
Small and medium enterprises are the backbone of Germany’s mighty economy. However, these companies often struggle to secure financing from traditional banks due to their size and lack of assets. That’s where CreditShelf (https://www.creditshelf.com/) comes in, providing a unique solution to bridge the gap between institutional investors and German Mittelstand (small and medium companies). What sets CreditShelf apart is its use of data-driven risk analysis software, which allows them to quickly and accurately assess a company’s creditworthiness. This means that loans can be approved and paid out in as little as four weeks, providing a fast and convenient solution for businesses looking to expand or make strategic acquisitions. With loans ranging from 100.000 € to 5 M € and terms up to 5 years, CreditShelf is changing the game regarding credit for small and medium enterprises in Germany. They allow to stretch up the repayment up to 5 years for supplies, scale-up, real estate, and even the acquistion of companies.
Especially for acquiring companies, they play a crucial role, where 28% of owner CEOs of Germany’s Mittelstand are in their 60s right now and want to sell the company to a successor. According to researchers up to 465.000 companies may have to shut down until 2025, due to a lack of successors.
October 2018 Interview
You can find the interview from Fall 2018 with Daniel here:
We provide our loans “Überall wo es dampft, zischt und raucht” everywhere it is ‘steaming, hissing and smoking.’ Meaning companies that produce physical products.Daniel Bartsch — Co-Founder and CEO CreditShelf
CreditShelf is Hiring!
You can learn more about the company that is still hiring
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Further Readings / Additional Resources
62 mn in 2019 from the European Investment Fund https://www.eif.org/what_we_do/guarantees/news/2019/efsi-creditshelf-germany.htm
100 mn € from Goldman Sachs https://www.altfi.com/article/10100_creditshelf-partners-with-goldman-sachs-and-hits-profitability
Feedback
We are always looking for ways to make the show better. Please take this opportunity and share your feedback with us! You can also suggest topics or interview partners that you’d like featured on future episodes by leaving a comment below — we would love to hear from YOU!!!
The Interviewer
This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:
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Topics Discussed in this Interview
In this interview, we are talking about
#fintech #startup #eenhessen #EEN #credit #sme #smefunding #creditplatform #germanstartup #europeanstartup #germany #europe #startupradio
Key Takeaways
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.
This article covers a significant development in the DACH startup and venture capital ecosystem.
The DACH region (Germany, Austria, Switzerland) continues to be one of Europe's most dynamic startup markets.
Frequently Asked Questions
What are the key facts about This Fintech From Goldman Sachs?
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
How does this affect the German startup ecosystem?
We are thrilled to welcome Daniel Bartsch (https://www.linkedin.com/in/dr-daniel-bartsch-1960387a) back as a guest on our show.
What are the latest startup funding trends in the DACH region?
Startuprad.io tracks venture capital and startup funding across Germany, Austria, and Switzerland. Explore our pillar coverage pages for the latest data.
About the Host
Joern "Joe" Menninger is the host of the Startuprad.io podcast and covers founders, investors, and policy developments across the DACH startup ecosystem. Through more than 1,300 interviews and nearly a decade of reporting, he documents the evolution of the European startup landscape. Follow Joern on LinkedIn.
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