Consumer debt refinancing platform Anyfin raises €30mn

Swedish fintech Anyfin, the company behind a mobile app that lets consumers refinance their loans and credit cards, has secured €30mn in Series C funding

Swedish fintech app Anyfin – which allows consumers to refinance their debt and find lower rates on credit cards – has raised €30mn in Series C funding.

Launched in 2017, the company has now secured more than €100mn in equity funding after the latest capital injection. Anyfin will use the money to develop new technologies and strengthen its product suite in both existing markets – Sweden, Norway, Finland and Germany – as well as new ones across Europe.

The brand has seen a surge in popularity over the last year: with the cost-of-living crisis squeezing household budgets, Anyfin registered five-fold growth in 2022 and strong month-on-month increases. Its app has received more than 1mn downloads to date, with the average customer lowering the cost of their loans by 50%, Anyfin says.

The Series C round is led by Northzone and joined by fellow existing investors Accel, EQT Ventures, FinTech Collective, Quadrille Capital and Augmentum FinTech, as well as new investor Citi Ventures.

Anyfin is ‘addressing overpayment head-on’

Mikael Hussain, Anyfin's CEO and Co-founder, comments: "With the current cost-of-living crisis putting increasing pressure on household finances, what we do is more valuable than ever for consumers, and this new capital will enable us to continue improving the scope and scale of our offering.

“The investment demonstrates that the financial industry is due for a significant realignment, in which consumers' financial wellbeing comes first; we are very proud that both new and existing investors alike see us as a major player in European fintech."

Jeppe Zink, Partner at Northzone, adds: "Overpayment for consumer financial services, fuelled by the opaqueness of the existing financial service industry, is perhaps the most valuable pain point which fintech can solve. Anyfin is addressing this head-on with its re-finance proposition. Customers love their service, making it a leader in the financial wellness category."

Share

Featured Articles

WE’RE LIVE! FinTech LIVE Singapore

Kickstarting the year of events for FinTech LIVE, FinTech LIVE Singapore returns featuring speakers from Amberdata, Standard Chartered, ING, WeLab and more

FinTech LIVE Singapore: Just One More Day to Go!

Just one more day to go until FinTech LIVE returns in 2024 with FinTech LIVE Singapore

Top 100 Women 2024: Allison Paine Landers, UBS - No. 10

FinTech Magazine’s Top 100 Women in FinTech honours UBS’ Allison Paine Landers at Number 10 for 2024

Top 100 Women 2024: Akila Raman-Vaseghi, Goldman Sachs No. 9

Financial Services (FinServ)

FinTech LIVE Dubai: 1 Week to Go!

Digital Payments

FinTech LIVE Singapore: 1 Week to Go!

Financial Services (FinServ)