Vereinigte Volksbank Raiffeisenbank eG (VVRB) and Credithelf AG have announced a cooperation agreement to provide capital to German SMEs.

According to a note from CreditShelf, the partnership agreement will allow Volksbank’s corporate customers to access credit facilities provided through Creditshelf. This volksbank dating aid will expand its offerings and strengthen its banking ecosystem.

For Creditshelf, this cooperation is a step that strengthens the company’s multilateral business strategy.

Dr. Daniel Bartsch, founding spouse and chief operating officer of Credithelf, commented:

“We look forward to working with VVRB. The entire Volksbank team is incredibly avant-garde, artistic and open to new concepts and products. Especially now, when the German economy will have to look to the future, cutting-edge responses and partnerships are needed to ensure the availability of sufficient capital to finance innovation and growth. This significant collaboration in the cooperative sector, as well as the partnerships already established, illustrate that virtual platforms are a vital addition to the funding mix of German SMEs.

Ralf Magerkurth, chief executive of Vereinigte Volksbank Raiffeisenbank eG, added:

“An ecosystemic technique for the bank is an integral component of our identity. We are pleased to have discovered a component on the credit shelf that fits this equation. The investment banking activity of smes in componenticular has a strong perspective of virtual and cutting-edge solutions. With this new component, we can offer our consumers a complementary and meaningful financing solution.

Credithelf, founded in 2014, provides unsecured loans of up to €5 million with terms of up to 8 years. Credititshelf’s virtual platform uses threat analysis, virtual processes and data-driven decision-making. Frankfurt Stock Exchange since 2018.