German SME lending FinTech Creditshelf has partnered with Goldman Sachs.
In Brief:
As part of the partnership it has secured an additional funding facility of up to €100mn.
This will fund loans from the Creditshelf platform to small and medium sized businesses in Germany.
The FinTech has also said it expects a positive EBIT forecast for this fiscal year.
What does this mean?
Creditshelf says that the agreement will be “an essential component” of its growth strategy and that it has already recorded revenue growth for the first three quarters of the year.
