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Sunday, May 29, 2022

Stockholm-based Fintech gears up for expansion with fresh funds

Swedish Fintech startup Näktergal has raised €1 million. The company suports financial institutions’ transition to digitised lending solutions. Following its success in Sweden and Finland, the funds will go toward entering German market.This latest round brings total investments in the startup to €2 million since its inception in 2015.

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Näktergal’s latest funding round was led by Katalysen & Partners, and saw participation from angel investors including Stefan Backlund, former Vice President Marketing & Communications at Trustly, Jon Wimmercranz, former Group CMO at Bambora.

Näktergal’s aim is remove obstacles for banks, challengers, and lending institutions working in mortgage lending, consumer lending, business lending through a digitalised lending system.

“I’ve always had the vision of replacing legacy banking tech with an intuitive and efficient lending platform, which could provide the kind of personalised, streamlined and fast experiences that customers have come to expect in the age of the cloud,” stated co-founder and CEO Erik Bennerhult. “We’re now at a pivot point where larger banking institutions must transform how they operate their lending services, and Näktergal is well positioned in this shift.”

Katalysen & Partners CEO Peter Almberg said, “We have been working with Näktergal for 7 months now, and I am immensely impressed with the achievements of the team and its products.” He added, “we are already actively involved in discussions with banks outside the Nordics and are looking forward to Näktergal entering a new market with pomp and circumstance.”

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