Department store chain: Schalast & Partner advises Creditshelf and MHB Bank on financing of Strauss Innovation


The department store chain is receiving new money. The financing was arranged and refinanced via Creditshelf and concluded via MHB as partner bank. Creditshelf brokers short-term, unsecured corporate loans to SMEs which are refinanced directly by investors via the platform. With this financing of Strauss Innovation, Creditshelf is also entering the market for secured loans for the first time. This was the first major transaction of this kind for the FinTech company. The retail company Strauss has been through some turbulent times. After two insolvency proceedings, Deutsche Mittelholding most recently took the helm at Strauss last year. Due to the previous insolvency proceedings, a comprehensive agreement with the insolvency administrator was necessary to secure the financing.

To read the full article, please click the link below.