Banco BNI Europea Invests $17.7mn in Creditshelf

Creditshelf is a German marketplace focused on SME financing and they just received a $17.7 million infusion from Banco BNI Europea; the bank will initially invest in the existing loan portfolio then increase that by $2.4 million a month; Pedro Coelho, executive chairman of BNI Europa, stated, “With the Creditshelf team, we have identified a highly professional partner, whose credit analysis process has proven totally convincing to us.”; Creditshelf’s managing director, Dr. Daniel Bartsch, explained, “We are delighted at finding another institutional investor for our platform, who is totally persuaded by the attractive risk-return profile of our product.” Source