Creditshelf: Management board continuity - Co-founders confirmed in office until end of 2023 (english)

    creditshelf: Management board continuity - Co-founders confirmed in office until end of 2023

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DGAP-News: creditshelf Aktiengesellschaft / Key word(s): Personnel
creditshelf: Management board continuity - Co-founders confirmed in office
until end of 2023

23.03.2021 / 19:04
The issuer is solely responsible for the content of this announcement.

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creditshelf: Management board continuity - Co-founders confirmed in office
until end of 2023

  * Management Board contracts with co-founders Dr. Tim Thabe and Dr. Daniel
    Bartsch extended until end of 2023

  * Dr. Mark Währisch decides of his own accord not to prolong his contract

  * Strengthening of second-tier management over the past 24 months is the
    basis for growth and further enhancement of the creditshelf platform

Frankfurt am Main, March 23, 2021  In today's meeting, creditshelf
Aktiengesellschaft's Supervisory Board extended the Management Board
contracts for the company's two co-founders until December 31, 2023. Dr. Tim
Thabe and Dr. Daniel Bartsch will continue to lead the company as the
Management Board with the support of the strong second-tier management team.
Dr. Mark Währisch of his own accord will not prolong his management board
contract and will leave the company on April 30, 2021.

The division of responsibilities on the Management Board, which will
comprise two people going forward, will not change in principle: As in the
past, Dr. Tim Thabe will act as the CEO and Dr. Daniel Bartsch as the COO.
The two founders will be assisted by creditshelf's experienced second-tier
management team, which focuses on technology, finance, product development,
and marketing. As a result, the company considers itself to be
well-positioned for further sustainable growth.

After five years at creditshelf, Dr. Mark Währisch has decided not to
prolong his Management Board contract any further and will leave the company
when his current contract expires at the end of April. Dr. Währisch had been
creditshelf's Chief Risk Officer and a Management Board member since May
2016 and made a significant contribution to the company's successful
development. Among other things, he played a leading role in the development
of the technology-driven risk analysis system and was one of the people
responsible for creditshelf's successful IPO in July 2018.

Rolf Elgeti, creditshelf's Supervisory Board Chairman, commented on the
contract extensions as follows: I am delighted that the company's two
co-founders, Dr. Tim Thabe and Dr. Daniel Bartsch, are remaining on board in
the coming years. Not only is this what the Supervisory Board wanted, but it
also sends an important signal to shareholders, partners, and staff. The two
co-founders' passion for and commitment to their company have been a key
factor in its success to date, and are the foundations for its successful
future. At the same time, I would like thank Dr. Mark Währisch for his
outstanding work and wish him all the best for the future."

Dr. Tim Thabe, CEO of creditshelf, said: "I would like to thank the
Supervisory Board for its vote of confidence and welcome the chance to
continue working with my Management Board colleague Daniel Bartsch and the
entire team on state-of-the-art, digital SME financing. My personal thanks
go to Mark Währisch: We can be proud of our achievements to date and much
would not have been possible without your hard work, expertise, and
creativity."

"The Management Board has consolidated and enhanced creditshelf's structures
in recent years," added COO Dr. Daniel Bartsch. "The challenge now is to
leverage the opportunities offered by the digital SME financing market and
to maintain our existing growth trajectory. As the company's co-founders, we
are delighted that we can actively continue shaping its development."

Corporate Communications:

creditshelf Aktiengesellschaft
Jan Stechele (CPO)
Birgit Hass (Head of PR)
Mainzer Landstrasse 33a
60329 Frankfurt
Germany
Tel.: [phone]
[e-mail]
www.creditshelf.com

Investor Relations:

creditshelf Aktiengesellschaft
Fabian Brügmann (CFO)
Maximilian Franz (Investor Relations Manager)
Mainzer Landstrasse 33a
60329 Frankfurt
Germany
Tel.: [phone]
[e-mail]
ir.creditshelf.com


About creditshelf

ir.creditshelf.com

creditshelf is the leading credit platform for digital SME finance in
Germany. Founded in 2014 and headquartered in Frankfurt am Main, the company
arranges bank-independent, flexible financing solutions via its constantly
growing network. creditshelf caters to complementary needs: SME
entrepreneurs gain easy access to attractive alternative financing
solutions, institutional investors can invest directly in German SMEs, and
the company's partners can support their clients as innovative providers of
new credit solutions. creditshelf's business model revolves around its
unique, data-driven risk analysis and unbureaucratic, fast digital
processes. creditshelf covers the entire value chain: Its platform is used
to select suitable credit projects, analyze potential borrowers' credit
quality, perform credit scoring, and price risk adequately. The company
receives fees from both borrowers and investors for these services.

creditshelf has been listed on the Frankfurt Stock Exchange's Prime Standard
segment since 2018. The experts making up its team have many years'
experience of SME financing and are trusted partners and visionaries for
building tomorrow's businesses.


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23.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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   Language:       English
   Company:        creditshelf Aktiengesellschaft
                   Mainzer Landstrasse 33a
                   60329 Frankfurt/Main
                   Germany
   E-mail:         [e-mail]
   Internet:       www.creditshelf.com
   ISIN:           DE000A2LQUA5
   WKN:            A2LQUA
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1177734



   End of News    DGAP News Service
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1177734 23.03.2021

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