How Private Credit Actually Works: A Podcast with Nicolas Kipp

Our founder Nicolas Kipp recently spoke with Kevin Hackl from leading German industry podcast Payment & Banking about how Private Credit works, the different players involved, and what he has learned building companies in this space.

The Path to Credibur

Nicolas spent years at Ratepay and founded Banxware before starting Credibur. During that time, he kept running into the same issues: credit transactions were opaque, heavily manual, and relied on fragmented data.

Credibur addresses these specific problems. Nicolas talks through the early days of building the company. What mattered most was understanding how the market actually works and which pain points were worth solving.

Understanding the Private Credit Ecosystem

Private Credit has grown significantly, especially for companies that don't fit traditional banking criteria. Nicolas explains the key players:

Debt Facilities provide the capital structure. Originators source and structure deals. Lenders provide funding and manage their refinancing. Borrowers are the companies seeking financing.

The problem isn't the roles but the information flow between them. Credibur makes credit transactions more transparent and reduces manual work.

The Risk Question

Private Credit raises legitimate questions about market stability. Nicolas addresses them directly. The market has grown fast, and rapid growth requires better risk management.

Better data, more transparency, and proper risk controls are necessary for a sustainable market. Better infrastructure reduces information asymmetries and helps everyone make more informed decisions.

If you work with credit facilities, originate deals, or want to understand this market better, listen to the full conversation (in German) to hear Nicolas on the mechanics of Private Credit, risk management, and building Credibur.