Scayl, a recently unveiled debt financing platform, has secured a substantial €100 million investment. Founded in 2023 by Medjit Yalmaz, Patrik Blomdahl, and Jatin Goyal, Scayl offers European fintechs developing credit products a streamlined approach to funding, enabling them to finance their loan portfolios more efficiently and rapidly compared to traditional methods. The platform’s innovative technology allows for the real-time monitoring of vast amounts of data points and employs AI-driven risk modeling. With this funding, Scayl aims to expand its network of partner banks and credit institutions, providing financial support to fintechs across various asset classes and European jurisdictions, with future plans for global expansion.
Scayl operates as a provider of debt capital specifically designed for fintech lenders seeking financing for loan origination. The company caters to a range of lenders, including start-ups, scale-ups, and growth-focused firms, offering them a debt facility to support the growth of their loan portfolios. Through its technology platform, Scayl connects lenders with financing partners, facilitating a streamlined and efficient process for accessing funding for loan books.
“There is a 400 billion euro funding gap in Europe alone, and it will be fintechs, not banks, taking advantage of the opportunity. By supporting these fintechs and helping them fill this gap we expect to facilitate the growth of many unicorns for years to come, and we’re extremely excited by that,” commented Medjit Yalmaz, CEO and Co-founder of Scayl.
“When I worked as a debt investor, I would send out term sheets to fintech lenders requiring warrants corresponding to upwards of 10% of businesses. I saw first-hand the endless hidden fees and 6-12 month timelines it took to negotiate and structure debt before founders got the capital they needed. The process wasn’t very friendly, but it continues to be market standard. With Scayl, we listened to what fintech lenders said they really needed, and built a platform that allows us to provide them with debt capital more efficiently, at lower costs, and on founder friendly terms – we think of ourselves as a fintech for fintech lenders. We exist to allow them to focus on what they do best – providing European SMEs and consumers with innovative financial products.”
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