Fintech: Swedish Loan Refinancier, Anyfin, Raises $30M Series B

https://dailyalts.com/wp-content/uploads/2020/05/anyfin_founders_cut.jpg

The fintech claims to have saved users $10 million by lowering interest rates 64% on average.

Anyfin is a fintech that refinances consumers’ loans and is regulated by the Swedish Financial Supervisory Authority. It refinances consumer credit loans up to 200 000 kr, such as unsecured debt, payments, credit cards, installments or other credits. However, Anyfin does not refinance mortgages. The firm raised $30 million in a Series B funding round led by EQT Ventures. (EU-Startups)

Overly expensive consumer loans

Mikael Hussain (CEO), Sven Perkmann (CTO), and Filip Polhem (COO) (pictured above) founded Anyfin in 2018. Its mandate was simple enough: can it lower the customer’s interest rate by offering an alternative to unfairly high interest rates?

Anyfin deployed a team of experts in design, programming, AI, and credit counseling to address the problem.

They developed a proprietary platform for mobile Android and iOS devices which allows consumers to log into their current loan provider and upload or take a shot of their current loan. Anyfin’s AI-enabled platform then evaluates the customer’s loan data along with public consumer data. It then gives the customer a reply – generally an offer to refinance the loan at a cheaper rate of interest. With a click, the customer may set the refinancing in motion and Anyfin will settle the existing loan.

“We want to make it as simple as possible to refinance a loan and give consumers the rate they deserve,” said Mikael Hussain, CEO, and co-founder. “People are reassessing their financial situations in light of the coronavirus outbreak and Anyfin can help them get control of their finances and avoid expensive loans.”

As mentioned previously, Anyfin customers have already saved $10 million in interest costs.

Utilization of the funding

Anyfin plans to use the latest funding for product development, launching new products and for expansion into new markets beyond Sweden and Finland, particularly Northern Europe.

Existing investors Accel, Northzone, and Rocket Internet’s Global Founders Capital (GFC) participated alongside EQT Ventures.

Related Story:   FinTech: Lifetise, A Financial Planning Platform, is Crowdfunding on Seedrs                                                 

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Alt Insights

May 21, 2020

Venture Capital: British Startup Offers Travel Jaunts on the Never-Never

Venture Capital: British Startup Offers Travel Jaunts on the Never-Never
Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/05/athlete-1840437_640.jpg
Artificial Intelligence: Global Agency to Use AI to Nab Doping Athletes
May 29, 2020     Artificial Intelligence, News

The World Anti-Doping Agency (WADA) has initiated four projects across Canada and Germany to identify doping athletes through the use of artificial intelligence. The agency understands the ethical questions surrounding…

https://dailyalts.com/wp-content/uploads/2020/05/Prupay-combined.jpg
FinTech: PruPay and PayPal Working on Text-based, Contactless Payments
May 29, 2020     FinTech, News

PruPay is a specialty fintech company that provides easy payment solutions for merchants and consumers. The U.S.-based company announced Thursday its collaboration with PayPal (NASDAQ: PYPL) for the launch of…

https://dailyalts.com/wp-content/uploads/2020/05/6506262731_3b7a3948e7_c.jpg
Digital Assets: Goldman Pans Bitcoin; Crypto Community Up in Arms
May 29, 2020     Digital Assets, News

Crypto fans have not taken kindly to a Goldman Sachs presentation that fired potshots at bitcoin. The offending presentation from Goldman Sachs (NYSE: GS) has sparked a raging controversy for…

https://dailyalts.com/wp-content/uploads/2020/05/Driverless-robots-combined.jpg
Venture Capital: Optimus Ride Driverless Cars in the U.S., and Cute Starship Robots in the U.K. Combat COVID
May 29, 2020     News, Venture Capital

Driverless vehicles and delivery robots are serving a crucial need for consumables during lockdowns and shelter-in-place restrictions. More importantly, because they are autonomous there’s no risk of a driver spreading…

Scroll to Top