An eventful year with many challenges has come to an end. We are pleased to look back on special milestones even in turbulent times and continue to look optimistically into the future.
The Market
After a successful crowdinvesting campaign and capital increase with existing shareholders, we were able to start the new year strengthened.
Due to the war in Ukraine, 2022 developed quite differently. Instead of the hoped-for economic recovery after the lockdowns, inflation, rising interest rates, and supply chain disruptions soon shaped the year and prevented the hoped-for normalization.
Strong uncertainties continued to accompany us, investors, and borrowers, demanding much from us. In particular, investors showed greater restraint. Sharply falling stock and bond markets, as well as the slump in digital assets, unsettled investors.
Although our default rates remained stable, this did not pass without a trace on our platform. Despite everything, the intermediated credit volume remained stable.
We were able to demonstrate the strength of the balanced Cashare credit portfolio with the punctual repayment of our 3-year bond.
Company Development
In the past year, we responded to market conditions and continuously reviewed and adjusted our strategies where necessary. This also led to some adjustments in the organization, systems, and team.
At the end of the year, we can happily note that we succeeded. The mood and motivation in the team are very good, and we all look forward to going full speed into the new year.
We would especially like to mention our two new members of the Advisory Board, who will additionally support us on various topics in the future.
Even though the past year was a big challenge and not everything went as originally planned, we are very confident that we are on the right track.
We sincerely thank you for your trust and good cooperation. We wish you much happiness, health, and success for the new year!
Your CEO Michael Borter
