The American investment bank Goldman Sachs is involved in business with German medium-sized companies.
The institute is providing the credit platform Creditshelf with a refinancing facility of EUR 100 million.
While the major American bank Citigroup wants to expand business with large medium-sized companies (annual sales of 250 million euros or more), Goldman Sachs is still holding back in this area.
The willingness to finance is probably also due to the interest in the structures that the Frankfurt fintech has chosen.
The news of the cooperation with the famous Wall Street address gave the Creditshelf share price a boost.
The title rose by 25 percent on Wednesday at the top.
This was also due to the confirmation of the profit target: Thanks to strict cost management, the operating result will be between zero and 1 million euros.
2022 would be the first financial year that the credit platform could close above the zero line.
To date, Creditshelf has brokered loans for more than EUR 500 million.
200 million euros are currently outstanding.
With Goldman Sachs, a further lending capacity of 100 million euros is now being added.
Major shareholder Rolf Elgeti is contributing a further 40 million euros via his investment company Obotritia.
Creditshelf CFO Daniel Bartsch was very happy about the agreement with Goldman Sachs: "The transaction makes us very proud and is a great success for our corporate development." The additional source of financing is an essential part of the growth strategy and makes it possible to meet the steadily increasing demand for credit of medium-sized customers, he was quoted in the press release.