- Unsecured growth financing without share dilution, warrants or equity kicker
- Attractive and lean contractual structure without subordination requirement for further debt capital
- Disbursement within 4 weeks
- Fast response to credit requests within 48 hours
- Granting of unsecured loans from EUR 100,000 to EUR 5 million for scale-up projects
- Terms between 1 to 60 months
- In-depth understanding of innovative business models
WHAT DISTINGUISHES FINTECHS LIKE CREDITSHELF FROM TRADITIONAL BANKS?
Even though banks as well as some fintechs are active in the business field of lending, there are nevertheless significant differences in the work processes. The business model of fintechs - in contrast to the banking sector - is based on the use of technical solutions, with a focus on customer needs and versatile services. In this context, creditshelf's credit platform, bundles all processes from the first non-binding credit inquiry to risk analysis and credit arrangement to monitoring during the term. Usually, this process takes more time at banks, starting with the arrangement of an initial appointment on site, through extensive manual form processing, to long decision-making processes. For fintechs, the exchange during the credit process can also be designed interactively on the platform due to their software solutions. Risk analysts, corporate customer advisors, operations managers and customers can view current work statuses and can always communicate with each other via messages.
In addition, the system notifies those involved as soon as action is required at any point in the process. Due to automated analysis processes during the credit allocation process, the system recognizes whenever discrepancies arise that need to be clarified personally by the employees together with the customer. In addition, the API system used at creditshelf can also be connected to other software solutions for accounting and creditworthiness checks. Services from third-party providers can also be integrated.
Companies usually receive initial information on a loan application within 48 hours. The entire allocation process usually takes only a few weeks. The extent to which banks can offer such speed and efficiency based on their technology, depends on the individual state of digitization. In addition, decisions in the banking environment usually pass through several levels, which in turn takes additional time.
In fintech companies, the technical underpinnings as well as controlling all processes are standard and form the basis of the business model. creditshelf also differs from most traditional credit institutions due to its own internal scoring system for credit rating. In addition to typical criteria such as annual sales, this system also considers the size of the company, its form and future potential. Furthermore, creditshelf arranges the granting of unsecured loans, which are rarely granted by banks.
