Swedish fintech Anyfin snags €27.6 m Series B funding to help users refinance existing loans

Stockholm-based fintech Anyfin has closed a €27.6 m (£24.4m) Series B funding round that will be used to expand across Europe and help customers refinance loans.

The Series B round was led by EQT Ventures, who have offices across mainland Europe, the UK and US, with participation from existing investors Accel, Northzone and Global Founders Capital, who has invested in the likes of Revolut,Funding Circle and Slack.

Anyfin uses a mix of AI and consumer data to help its users reevaluate and manage their finances. 

Any feedback Anyfin finds it then relays to the customer and gives them the option to refinance loans at a fairer price.

Currently, Anyfin is only available in Sweden and Finland but its hoped with the newest injection of cash that it will be able to expand elsewhere in Europe. 

The startup was founded in 2018 by Mikael Hussain (CEO), Sven Perkmann (CTO) and Filip Polhem (COO) founded the company in 2018, who had all previously worked for some of Sweden’s biggest tech exports, Spotify, Klarna and iZettle.

Mikael Hussain, CEO and co-founder, said: “Right from the start, Anyfin has been on a mission to increase millions of people’s financial wellness and this is now even more important in the current climate.”

“We want to make it as simple as possible to refinance a loan and give consumers the rate they deserve. People are re-assessing their financial situations in light of the coronavirus outbreak and Anyfin can help them get control of their finances and avoid expensive loans,” he added.

This latest round takes the total raised by the financial management app to just shy of €40m.