Anyfin secures €4.8M in Series A investment from Accel and Northzone.
Anyfin, a Stockholm, Sweden-based company working for launching a refinancing product, announced securing €4.8M ($5.9M) in Series A investment. The round was led by both Accel and Northzone and included Global Founders Capital, as well as a number of unnamed local angel investors.
Anyfin's value proposition is a cheaper consumer credit product by providing an easier way for the process of refinancing or consolidating loans and credit cards.
The customers sends digitally a picture of their credit card statement, and Anyfin provides a business offer based on their risk assessment.
The process is supposed to work based on a platform which can support low costs for issuing and administering a loan, as well as providing customers a personalized interest rate based on the risk of the individual loan shown in the statement.
Anyfin started working on their product early in 2017, it received a license for consumer credit in August 2017 and publicly announced its service in November 2017.
They raised the money without actually having a product in the market as they will use the funding to finnish building it out and for taking it to market - i.e. user acquisition, hiring, and partnerships.