Sweden’s Anyfin said to close $30m in its Series B

Swedish FinTech platform Anyfin has reportedly secured $30m in its Series B round, which was led by EQT Ventures.

Previous Anyfin backers Accel, Northzone and Rocket Internet’s Global Founders Capital (GFC), also contributed to the round, according to a number of reports in the media.

With the close of the round, the FinTech is hoping to deepen its product development, release additional services and move into new markets.

Launched in 2017, Anyfin helps consumers to get lower interest rates for their loans. The company leverages AI and publicly available consumer data to help refinance a customer’s existing loan on better terms.

A user simply takes a photo of their existing loan statement, including repayment history, and the Anyfin solution will provide improved loan options.

The company closed its Series A round back in 2018 on €4.8m from Accel, Northzone Global Founders Capital and a number of angel investors.

Sweden’s FinTech sector is showing signs of maturity, with the number of deals under $1m dropping by more than 50% since 2015. In 2019, just 18.4% of FinTech investments were less than $1m, compared with 2015, when it was 50%.

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