Anyfin, the Stockholm-based startup that enables consumers to refinance their existing credits, have given rise to $ 30 million in funding.
Leading the Series B round is EQT Ventures, with participation from existing investors Accel, Northzone and Rocket Internet’s Global Founders Capital( GFC ). Anyfin says it will use the investment to” drive commodity invention ,” launching additional gives and scale into brand-new European marketplaces( currently, the fintech operates in Sweden and Finland ).
Launched in 2018 by Mikael Hussain( CEO ), Sven Perkmann( CTO) and Filip Polhem( COO ), Anyfin is on a self-described mission to improve the financial well-being of Europeans and” made them back in control of their finances .” It does this through a digital giving scaffold focused on refinancing. The sentiment is to make it easier to competitively refinance( or consolidate) lends and credit cards and therefore not get ripped off with high-pitched interest rates or complex interest.
Via Anyfin’s website or iOS and Android apps, shoppers can select their current lend provider from a drop-down menu, snap a picture of their explanation or upload it. Anyfin then dedicates feedback, including, where relevant, the option to refinance at a “fairer” rate.” With one sound, the consumer can accept the new option from Anyfin and the company takes care of settling the existing loan for them ,” explains the Swedish fintech.
Behind the panoramas, Anyfin claims to use AI, combined with publicly available consumer data and information garnered through taking a photo of your existing loan evidence or uploading an electronic print, including your refund autobiography. This, it says, passes it a more complete picture than your ascribe tally alone, which potentially the main data point used by the original lender.
“All the consumer has to do to save a knot of coin is to snap a picture of the credit card bill or credit proclamation and we do the remainder ,” Anyfin co-founder and CEO Mikael Hussain told me in early 2018.” When a customer sends us their envision we use OCR to get the data we need, raced that through our gamble algorithms and, based on that, give the consumer an individual price .”
Cue statement from Ashley Lundstrom, administer collaborator and financing advisor at EQT Ventures:” The Anyfin team is one of the most experienced and bold fintech squads that the EQT Ventures team has come across. But what really impressed us was that Mikael, Sven, Filip and the stellar crew they’ve built around them are truly value-driven. They’re in the game for the consumer, and never has this been more important. At EQT Ventures we be suggested that firmly aligning with buyers is a sustainable itinerary to building a healthy business- so we were obviously thrilled to find the combination of tech DNA, grocery validation, and soul in Anyfin.”
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