Teylor AG, a Zurich, Switzerland-based SME lending technology startup, closed a financing round of CHF 8m.
Backers included Wenvest Capital, Steinbeis, Patrick Zbinden, as well as other angel investors, family offices, and institutional investors from Switzerland, Germany, and Israel.
The company intends to use the funds to to further expand its operations in Germany and Europe, onboard more banking clients to its SaaS product (Teylor Lending Cloud), grow its market share and begin financing loans itself through its own debt vehicle.
Founded in 2018 by CEO Patrick Stäuble, Teylor develops fully digital credit solutions for small and medium-sized businesses and provides a licensed version of its technology to banks. Using Teylor’s Software-as-a-Service products allows banks to digitalize and automate every aspect of their SME lending business, from customer onboarding to anti-fraud to scoring. To support its expansion, the company plans to open an office in Berlin this year and to launch in two other European countries. Teylor currently employs 20 staff and is looking for additional credit-, sales- and IT-experts to join its growing team.