Augmentum backs Anyfin with £7.3m to fund European expansion

Founded by an ex-Klarna, iZettle and Spotify trio, consumer credit refinancer Anyfin has raised £7.3m from London-listed fintech investor Augmentum Fintech, in what seems to be an extension of the Swedish fintech’s Series B.

Augmentum disclosed its investment in a regulatory update to its shareholders this morning, marking the investor’s first investment in Sweden.

“We are delighted to join Anyfin’s investment round, which will allow this hugely experienced and talented team to continue to address Europe’s large ($1.2 trillion) and fragmented unsecured credit market,” said Augmentum CEO Tim Levene.

“Their focus on improving the financial well-being of consumers through innovative digital products is a mission that resonated strongly with us.”

The investment follows Anyfin’s £24.4m Series B last year, and today’s additional cash appears to be part of a follow-on to that earlier round instead of the start of a larger upcoming round.

AltFi has asked Anyfin for clarification on this point, but it has yet to comment.

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

The fintech helps consumers to consolidate and refinance existing credit with better interest rates, and is available in Sweden, Finland and Germany with “other European countries” and “additional products” planned as a result of this latest funding.

Other investors in the group include EQT Ventures, Accel, Northzone and Global Founders Capital.