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Anyfin raises $30M Series B to let consumers refinance their existing loans

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Anyfin, the Stockholm-based startup that enables clients to refinance their existing loans, has raised $30 million in funding.

Leading the Series B round is EQT Ventures, with participation from present investors Accel, Northzone, FinTech Collective, and Rocket Internet’s Global Founders Capital (GFC). Anyfin says it’ll use the funding to “power product innovation,” release extra services and scale into new European markets (presently, the fintech operates in Sweden and Finland).

Launched in 2018 by Mikael Hussain (CEO), Sven Perkmann (CTO) and Filip Polhem (COO), Anyfin is a self-defined undertaking to enhance the monetary well-being of Europeans and “placed them lower back in control in their finances It does this thru a digital lending platform centred on refinancing. The concept is to make it less complicated to competitively refinance (or consolidate) loans and credit score cards and consequently now not get ripped off with excessive hobby fees or compound interest.

Via Anyfin’s internet site or iOS and Android apps, consumers can select their modern-day loan company from a drop-down menu, snap a picture in their statement or upload it. Anyfin then gives feedback, together with, in which relevant, the choice to refinance at a “fairer” price. “With one faucet, the purchaser can be given the brand new alternative from Anyfin and the agency takes care of settling the existing mortgage for them,” explains the Swedish fintech.

Related:  1500 Dollar Loan With Bad Credit to Cover Your Needs

Behind the scenes, Anyfin claims to apply AI, blended with publicly available client statistics and facts garnered through taking a photograph of your current loan announcement or importing an electronic copy, including your compensation records. This, it says, offers a more complete photo than your credit score by myself, that is probably the principal information point utilised by the authentic lender.

All the purchaser has to do to save a gaggle of cash is to snap a photograph of the credit card invoice or mortgage declaration and we do the rest Anyfin co-founder and CEO Mikael Hussain instructed me in early 2018. “When a customer sends us their photograph we use OCR to get the records we want, run that via our risk algorithms and, based totally on that, supply the purchaser an individual price.”

Cue declaration from Ashley Lundström, deal partner and investment marketing consultant at EQT Ventures: “The Anyfin team is one of the maximum skilled and ambitious fintech teams that the EQT Ventures team has stumbled upon. But what actually impressed us changed into that Mikael, Sven, Filip and the stellar team they’ve built around them are really cost-pushed. They’re in the game for the client, and by no means has this been extra critical. At EQT Ventures we consider that squarely aligning with customers is a sustainable direction to constructing a wholesome enterprise – so we have been obviously pleased to locate the mixture of tech DNA marketplace validation and coronary heart in Anyfin


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