Anyfin secures additional $52m investment led by FinTech Collective to scale its business in Germany.
The Anyfin team composed of Mikael Hussain (CEO), Sven Perkmann (CTO) and Filip Polhem (COO) are exceptional fintech entrepreneurs building a phenomenal company that is helping hardworking Europeans take control of their financial past, present, and future. As such we were thrilled to have the opportunity to lead this additional financing alongside our existing co-investors Accel, EQT Ventures, Northzone, GFC. Two new investors, Quadrille Capital, and Augmentum joined us in this round.
FTC Summary
Anyfin started life in 2017 enabling consumers to refinance their existing mispriced loans. Since then thousands of new customers each month have been able to lower their loan interest rates by more than 50% on average. The unprecedented uptake of e-commerce during the pandemic, growing by +39% YoY in Q1 2021 and the explosion of European BuyNowPayLater (“BNPL”) solutions have only made Anyfin’s services more relevant and necessary. Anyfin’s addressable market has, as a result, increased to $413B of volume over the next 18 months, of which $258B is in Germany. The total amount of outstanding unsecured consumer credit within Europe currently amounts to $1,200Bn.
This new round of financing will enable Anyfin to set up a new Berlin office -- it's first outside of Sweden -- and strengthen its local team. In addition, Anyfin will launch its new saving service for consumers across Germany, Sweden, and Finland, with plans to expand across Northern Europe. Anyfin’s in-app savings accounts will enable consumers to easily and intuitively manage their money without any financial expertise.
Media Highlights
PYMNTS: Stockholm FinTech Anyfin Raises $52m for German Expansion
The Paypers: Swedish credit refinancer Anyfin raises USD 52 mln for German expansion
FinTech Global: Anyfin snags further funding as it eyes European expansion
Press Release: Anyfin secures additional $52 million investment to scale its business in Germany and accelerate expansion across Northern Europe
We’re very proud that our four years of demonstrated success in the Nordics has inspired a new group of investors that we have what it takes to become a major fintech player in Europe. We see the German market, which within the next couple of months will become our biggest market, as a place to show just how much we can help consumers escape the burden of debt.
Mikael Hussain, CEO and co-founder of Anyfin