Anyfin founders (LR) Sven Perkmann, Filip Polhem and Mikael Hussain | Image credit: Anyfin
Stockholm-based Anyfin, a fintech app that empowers people to understand and improve their finances, announced that it has raised €30 million in a Series C funding round. With this, the scale-up has now raised almost €106 million in debt and equity rounds.
The round was led by existing investor Northzone, along with Accel, EQT Ventures, FinTech Collective, Quadrille Capital and Augmentum FinTech. New investor Citi Ventures also participated in the round.
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Jeppe Zink, partner at Northzone and board member of Anyfin, says: “Overpayment for consumer financial services, 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 wellness category.”
An app that helps you improve your finances
Launched in 2017 by Mikael Hussain, Sven Perkmann and Filip Polhem, Anyfin offers financial services, including simplifying the process of refinancing debt, and helping users access fair interest rates on their existing credit. The founders of the company have two decades of experience from technology giants such as Klarna, Spotify and iZettle.
Anyfin’s platform helps consumers refinance existing installments, credit cards and personal loans, based on their actual risk profiles. It currently operates in Sweden, Norway, Finland and Germany.
Since its fintech launch in Germany in March 2021, it claims to have witnessed an average monthly growth of 15 percent and 5X growth in 2022. The company’s mobile app has been downloaded more than 1 million times, with more than 500,000 downloads in 2022 .
The company mentions in a statement that it has already saved customers a total of 68 million euros, which lowers the average user’s borrowing costs by 50 percent.
Capital utilization
Anyfin says it will use the funds to accelerate its expansion across Europe. The capital will help scale up to further strengthen the product suite in existing markets across Europe, and accelerate the development of new technologies to help consumers save money and improve their financial well-being.
CEO and co-founder Mikael Hussain says: “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 our scope and scale . of our offer. The investment shows that the financial industry is facing a significant transformation, 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.”
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