Sweden's Scayl raises €100m to address fintech lending gap

Thank you for sharing our announcement. Read more about us at https://www.scayl.finance/

In principle - yes, it's a large and known gap. Others aim to fill it, too - but to capture any slice of that 400bn two conditions need to be met:

- Rapid decision-making (ideally instant. real-time) with minimum beuraucracy, and

- Competitive rates. Obvious and boring, I know - but so often a stumbling block.

How good is Scayl in these 2 dimensions?

Thank you for your comment and interesting opinions. I'm the CEO and co-founder of Scayl, let me explain:

1. We work more or less exclusively with fintech lenders who have built either automatic/real-time decision making and loan disbursement technology themselves or utilise some of the excellent SaaS solutions in the market. More or less every fintech have such technology today.

2. We work exclusively with banks, i.e. more or less the cheapest source of funding you can find as a lender (excluding public securitisation). Most fintech lenders (sub €100m loan book) don't have access to that cost of capital because they're simply too small for the banks to deal with, but they can through us.

Finextra's article is a very short summary of our press release, I suggest either checking our website or the other publications which contain additional information.