Fintech Anyfin raises €30 million in Series C funding to further accelerate its expansion across Europe
Stockholm-based Anyfin helps customers refinance loans and improve financial well-being
The latest round brings total equity funding to €106 million and will be used to further strengthen Anyfin’s product range in existing and new markets across Europe
With more than one million app downloads to date, Anyfin has saved customers a combined €68 million, lowering the average user’s borrowing costs by 50%
STOCKHOLM, 18 January 2023 /PRNewswire/ — Anyfin, the scale-up that enables consumers to refinance existing loans and take control of their financial well-being, today announces that it has completed a €30 million Series C funding round. The capital will fuel the growth of the business across Europeas well as helping Anyfin to strengthen its existing product package Europe markets.
The cost of living crisis has affected customers worldwide and is increasing at the fastest rate in 40 years. The macro environment has a massive impact on household budgets, affecting consumer financial well-being and business balance sheets. Since the cost spiral began, Anyfin’s services have become more relevant and necessary, giving consumers the opportunity to improve their personal finances by saving money on existing loans and credit. The company currently operates in Sweden, Norway, Finland and Germany. Since Anyfin’s launch in Germany in March 2021the company has seen average monthly growth of 15% and a fivefold increase in 20221.
Anfin’s Series C round is led by existing investor Northzone, along with existing investors Accel, EQT Ventures, FinTech Collective, Quadrille Capital and Augmentum FinTech and new investors Citi Ventures. Since 2017, the company has raised close to €600 million in debt and equity. A clear indication that fintech is now more relevant than ever, Anyfin’s mobile app has been downloaded more than 1M times, with more than 500,000 downloads by 2022.
The capital will be used to further strengthen Anyfin’s product suite across existing markets Europeaccelerate the development of new technologies to help consumers save money and improve financial well-being in everyday life.
Michael Hussain, Anyway‘s CEO and Co-foundercomments: “With the current cost of living crisis putting increasing pressure on household finances, what we do is more valuable than ever to consumers and this new capital will enable us to continue to improve the scale and scope of our offering. The investment shows that the financial industry is facing a significant restructuring, where consumers’ financial well-being comes first; we are very proud that both new and existing investors see us as a major player in European fintech.”
Jeppe Zink, Cohabitant on The North Zone and Board member on Anywaycomments: “Overpayment for financial services to consumers, driven by the opacity of the existing financial industry, is perhaps the most valuable pain point that fintech can solve. Anyfin addresses this directly with its refinancing proposition. Customers love their service, making it a leader in the financial category well-being.”
Anyfin is a fintech company on a mission to help improve people’s finances. Launched in 2017 by Michael Hussain (managing director), Sven Perkmann (co-founder and chairman), and Filip Polhem (COO) – who together have over two decades of experience from technology giants such as Klarna, Spotify and iZettle – Anyfin offers financial services including simplifying the debt refinancing process, and helps users to access fair interest rates on their existing credit. Anyfin’s proprietary platform enables consumers to refinance existing installments, credit cards and personal loans in seconds, based on their actual risk profiles. As well as its original SwedenAnyfin is available in Finland, Germanyand Norway. For more information, visit www.anyfin.com
1 Growth measured in active customers for the period between January ’22 and December ’22. [Active customers are customers who have at least one existing loan with Anyfin.]
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