Sparlån raises SEK 20M in outside funding to further develop its peer to peer lending platform.

Sparlån, a Stockholm, Sweden-based company providing a peer to peer lending marketplace, closed SEK 20M ($2.4M) in external funding. The backers include local angel investors, such as Erik Fischbeck, Christian Olofsson, Martin Wennberg and Louise Wennberg.

Sparlån Sverige AB, founded in 2014 by CEO Jonathan Klein and Claes Melander, developed a platform that intermediates a credit marketplace, making it easy for individuals to access small loans to finance expenses such as car purchases, or house rennovations.

The company was granted permission by the Financial Supervisory Authority at the end of 2015 to implement payment transactions. Chairman of the Board is Torbjörn Gunnarsson and the shareholders list includes Jan-Carl De Geer, former Nordic CEO for HSBC, Patrik Gunnarsson and Claes Melander. In 2016, the company had a turnover of SEK 1.7M ($200k) and a loss of SEK 5.6M ($670k).