Swedish digitised lending platform Näktergal has reportedly collected €1m in funding as it gears up for launch in Germany.
The investment was led by Katalysen & Partners, with contributions also coming from former Trustly VP marketing & communications Stefan Backlund, former CMO Bambora Jon Wimmercranz, and FinTech professional Anette Tånneryd, according to a report from Crowdfund Insider.
Näktergal has earmarked the funds for its international expansion efforts, with it set to enter the German market within the coming months. Capital will also be used to bolster the development of its lending platform
Its technology is designed to help banks and lending institutions to implement digital lending capabilities quickly and easily. Through its API integrations, clients can easily leverage third-party solutions.
The platform includes support for business lending, mortgage lending, consumer lending and savings and deposits.
Näktergal CEO and co-founder Erik Bennerhult told Crowdfund Insider, “I’ve always had the vision of replacing legacy banking tech with an intuitive and efficient lending platform, which could provide the kind of personalised, streamlined and fast experiences that customers have come to expect in the age of the cloud.
“We’re now at a pivot point where larger banking institutions must transform how they operate their lending services, and Näktergal is well positioned in this shift. With new funding and a solid venture partner, we’re now fully equipped for scaling our business further in Europe, with Germany being next for Näktergal.”
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