Nordics Sweden

Anyfin Secures US$52 Million Funding to Accelerate Germany Expansion Plans

by Fintechnews Baltic October 8, 2021

Anyfin, the Stockholm based startup that enables consumers to refinance existing loans and take control of their financial health, announced that it has secured US$52 million of fresh funding, bringing the total equity capital raised by the firm to US$101 million.

The funding round was led by New York-based investor Fintech Collective joined by existing investors Accel, EQT Ventures, Northzone, and Global Founders Capital (GFC).

Two new investors joined the fundraise including  Quadrille Capital in France, and Augmentum FinTech in the UK.

In addition, the company has raised over US$500 million of debt capital from a diverse group of undisclosed lenders.

The capital will enable Anyfin to expand its service offering to Germany, set up a new Berlin office — its first outside of Sweden — and strengthen its local team.

In addition, Anyfin will launch its new saving service for consumers across Germany, Sweden, and Finland, with plans to expand across Northern Europe.

Anyfin’s in-app savings accounts will enable consumers to easily and intuitively manage their money without any financial expertise.

The increased investment in Germany will include rolling out service offerings currently available in Sweden, such as an interest-free cash advance, a budgeting tool, and a way to block shopping with credit — an increasingly pervasive problem in this age of online shopping.

Mikael Hussain

“We’re very proud that our four years of demonstrated success in the Nordics has inspired a new group of investors that we have what it takes to become a major fintech player in Europe.

 

We see the German market, which within the next couple of months will become our biggest market, as a place to show just how much we can help consumers escape the burden of debt and turn the tables on credit institutions that aren’t serving them.”

said Mikael Hussain, CEO and co-founder of Anyfin.