Schuhe24, the German-based online marketplace for independent shoe retailers, is going to offer financial support to its members from the next month of June. Schuhe24 is working on the project with a German-based financing portal, called Compeon. Retailers affiliated with Schuhe24 and a similar portal, Outfits24, will be able to report their financial requirements on their websites and get access to direct offers from banks within three days. The loans can be used for equipment, product financing or vehicle financing. In January, Schuhe24 came to the aid of physical shoe and fashion retailers in financial difficulties by offering interest-free cash advances. It has also expanded the range of its consultancy and advisory services.

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