Banco BNI Europa has signed a deal with online business financer Creditshelf to invest up to €15m (£13.4m) on the platform to fund German small and medium-sized enterprises (SMEs).

The Portuguese online challenger bank signed this deal fresh from recent agreements with Market Invoice and p2p platform Raize. This year, BNI Europa returned to profitability, achieving €2.6m profit in the first half of this year.

BNI Europa’s partnership with Creditshelf will begin with an initial investment in the existing loan portfolio, increasing by up to €2m each month until €15m.

Pedro Coelho, executive chairman of BNI Europa, said: “Investing in loans to medium-sized companies based in Germany is a very attractive class of investment to us.

“The expansion of our investor base has seen our financing commitments rise well above €100m, allowing us to guarantee the rapid provision of funds to our medium-sized customers.”

Creditshelf is based in Frankfurt, and offers corporate financing to medium-sized businesses. It was founded a year and a half ago, and counts former Standard & Poor’s analysts amongst its staff.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Daniel Bartsch, managing director of Creditshelf said: “We are delighted at finding another institutional investor for our platform, who is totally persuaded by the attractive risk-return profile of our product.”