Any ending, a Stockholm, Sweden-based startup that allows consumers to refinance existing loans and take control of their financial health, has raised $ 52 million in funding.
The round, which brought total equity raised to $ 101 million, in addition to more than $ 500 million in borrowed capital received from a diverse group of undisclosed lenders, was led by FinTech Collective with the participation existing investors Accel, EQT Ventures, Northzone and Global. Founders Capital (GFC) and new investors Quadrille Capital in France and Augmentum FinTech in the United Kingdom.
The company intends to use the funds to:
- extend its service offering to Germany, create a new office in Berlin,
- strengthen its local team,
- launches its new savings service for consumers across Germany, Sweden and Finland, with expansion plans across Northern Europe.
Launched in 2017 by Mikael Hussain (CEO), Sven Perkmann (CTO) and Filip Polhem (COO), Anyfin is a financial technology company simplifying the process of debt refinancing, helping to access fair interest rates on their existing consumer loans.
Using loan data with publicly available consumer data and AI, Anyfin’s proprietary platform allows consumers to refinance their existing installments, credit cards and personal loans, based on their actual risk profiles. . Via Anyfin’s website or the native iOS and Android apps, consumers can select their current loan provider from a drop-down menu, snap a photo of their statement, or download it. Where possible, users receive a refinancing offer from Anyfin with a lower interest rate. Anyfin’s offer can be accepted online, in which case the existing loan is settled directly with the original lender and the individual’s outstanding balance is transferred to Anyfin with the improved terms.
Since 2017, the company has expanded to Finland and Germany and launched several new financial services in their application. The increased investment in Germany will include the roll-out of service offerings currently available in Sweden, such as an interest-free cash advance, a budgeting tool and a way to block credit purchases.