Anyfin is announcing a €30 million series C raise to expand its digital-led debt refinancing platform which uses algorithm-driven risk assessments to strengthen visibility of the customer’s finances.
Stockholm-based Anyfin says trade has boomed following five-fold annual growth in 2022 and the entry of the business into three additional European markets: Norway, Finland and Germany.
Customers save 50% on average loan charges using its platform, Anyfin claims. And, with consumers grappling with the cost living crisis, it foresees an even bigger role for discount personal finance undercutting traditional lenders. The key’s likely to be delivering on service — no startup wants trapped in a cycle of negative debt-related media coverage.
This series C funding brings Anyfin’s total equity funding to $131 million, though that’s on top of €500 million in debt facilities agreed to help Anyfin scale up its loan book.