Anyfin, a Stockholm, Sweden-based startup that enables consumers to refinance their existing loans with a picture, raised €4.8m in Series A funding.
The round was led by Accel and Northzone with participation from Global Founders Capital and angel investors, including consumer finance executives and international fintech entrepreneurs. In conjunction with the funding, Seth Pierrepont from Accel will join the board.
The funding will be used to build out its product and to for user acquisition, hiring, and partnerships.
Launched in November 2017 by Filip Polhem, Mikael Hussain and Sven Perkmann, Anyfin leverages publicly available consumer data and AI and modern mobile technology to enable consumers to refinance their existing loans within seconds simply by taking a picture of their loan statement. Consumers send Anyfin the picture through a channel of their choice, like SMS, email or Facebook Messenger, and the company replies with an option to refinance the loan at a better price. The consumer accepts the new option from Anyfin, and the company takes care of settling the existing loan for them.
The service is currently available in Sweden.