.jpg)
- Digital securitisation of credit claims that have originated on the creditshelf platform by new partner CrossLend
- Securitisation via CrossLend leads to further diversification and broadening of investor pool
- Monthly investment of a mid-single-digit million euro amount in new business of creditshelf by an institutional investor
creditshelf Aktiengesellschaft, a pioneer in the field of digital SME financing in Germany, is launching a partnership with the credit marketplace CrossLend to offer the first digital securitisation of SME loans in Germany. CrossLend acts as an investor on the creditshelf platform and purchases loan receivables as part of the regular lending processes. CrossLend then securitises the loan receivables and offers them in the form of a new product to a broad base of additional investors via its own channels. Initially, an institutional investor will invest a mid-single-digit million euro amount each month in creditshelf's new business via CrossLend.
For this new offer, the loans are created in such a way that they can be passed on to institutional investors either immediately or with a delay. "With the flexible securitisation of SME loans, we are offering a new, innovative product," says Dr. Daniel Bartsch, COO and founding partner of creditshelf. "The fully automated process increases the transparency of the resulting securities, creates flexibility and makes it possible to keep transaction costs low. Thismodel opens up new groups of investors for us and thus also benefits our customers".
The securitisation is processed via CrossLend's digital securitisation platform. The Berlin-based Fintech company converts the loans into bonds in a flexible and transparent manner. "From the very beginning, our platform was designed to make the credit market more efficient, transparent and digital. The cooperation with creditshelf for the real-time securitisation of SME loans takes us a long way forward in this direction", says Oliver Schimek, CEO of CrossLend. The partnership starts with a first institutional investor who will successively build up a loan portfolio of a mid-double-digitmillion euro amount per year through monthly investments in the new credit business of creditshelf via CrossLend. In addition, there are other institutional investors in the pipeline who would also like to invest in SME loans through this innovative solution. "We are pleased to be able to offer an additional sales channel through the cooperation with CrossLend and thus attract further institutional credit investors for us in the future," creditshelf-COO Bartsch adds.
the creditshelf platform by new partner CrossLend
- Securitisation via CrossLend leads to further diversification
and broadening of investor pool
- Monthly investment of a mid-single-digit million euro amount in
new business of creditshelf by an institutional investor
creditshelf Aktiengesellschaft, a pioneer in the field of digital SME
financing in Germany, is launching a partnership with the credit
marketplace CrossLend to offer the first digital securitisation of
SME loans in Germany. CrossLend acts as an investor on the
creditshelf platform and purchases loan receivables as part of the
regular lending processes. CrossLend then securitises the loan
receivables and offers them in the form of a new product to a broad
base of additional investors via its own channels. Initially, an
institutional investor will invest a mid-single-digit million euro
amount each month in creditshelf's new business via CrossLend.
For this new offer, the loans are created in such a way that they can
be passed on to institutional investors either immediately or with a
delay. "With the flexible securitisation of SME loans, we are
offering a new, innovative product," says Dr. Daniel Bartsch, COO and
founding partner of creditshelf. "The fully automated process
increases the transparency of the resulting securities, creates
flexibility and makes it possible to keep transaction costs low. This
model opens up new groups of investors for us and thus also benefits
our customers".
The securitisation is processed via CrossLend's digital
securitisation platform. The Berlin-based Fintech company converts
the loans into bonds in a flexible and transparent manner. "From the
very beginning, our platform was designed to make the credit market
more efficient, transparent and digital. The cooperation with
creditshelf for the real-time securitisation of SME loans takes us a
long way forward in this direction", says Oliver Schimek, CEO of
CrossLend. The partnership starts with a first institutional investor
who will successively build up a loan portfolio of a mid-double-digit
million euro amount per year through monthly investments in the new
credit business of creditshelf via CrossLend. In addition, there are
other institutional investors in the pipeline who would also like to
invest in SME loans through this innovative solution. "We are pleased
to be able to offer an additional sales channel through the
cooperation with CrossLend and thus attract further institutional
credit investors for us in the future," creditshelf-COO Bartsch adds.
