Anyfin secures €30m to help people refinance existing loans

Anyfin secures €30m to help people refinance existing loans

Anyfin, which helps consumers refinance existing loans, has raised €30m for its Series C funding round.

The investment was led by existing investor Northzone, with commitments also coming from Accel, EQT Ventures, FinTech Collective, Quadrille Capital and Augmentum FinTech. Citi Ventures also joined the round, making its first investment into Anyfin.

With the funds, Anyfin plans to bolster its growth across Europe. As part of this, it plans to bolster its product suite in existing markets across Europe, build new technology and more.

Anyfin aims to help people improve their finances. Its platform simplifies the process of refinancing debt, ensuring users get fair interest rates on their existing credit. Clients can refinance existing instalments, credit cards and personal loans within seconds.

The company operates in Sweden, Norway, Finland and Germany. Since launching in Germany in 2021, it has experienced a 15% average monthly growth rate and fivefold growth in 2022.

Overall, its mobile app has been downloaded more than one million times, with over 500,000 downloads in 2022.

Speaking on the funding round, Anyfin CEO and co-founder Mikael Hussain said, “With the current cost of living crisis putting increasing pressure on household finances, what we do is more valuable than ever for consumers, and this new capital will enable us to continue improving the scope and scale of our offering.

“The investment demonstrates that the financial industry is due for a significant realignment, in which consumers’ financial wellbeing comes first; we are very proud that both new and existing investors alike see us as a major player in European FinTech.”

Since 2017, the lending company has raised €600m in debt and equity. It previously raised €44.8m in a funding round back in 2021. It was led by FinTech Collective.

In other LendTech news, South Korean P2P lending platform PeopleFund recently added $20m to its Series C.

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