Swedish FinTech Anyfin has raised €30 million in its Series C funding round to enable it to expand across Europe and increase its product offering.

Anyfin, which aims to help consumers to save money when refinance existing loans, has now raised almost €600 million in dept and equity.

The company currently operates in Sweden, Norway, Finland and Germany. Since Anyfin's launch in Germany in March 2021, the company said it seen a 15 per cent average monthly growth rate.

The company says that the services it provides have become increasingly in demand due to the cost-of-living crisis putting pressure on household finances.

Commenting on the news Mikael Hussain, Anyfin's chief executive and co-founder, said: “The investment demonstrates that the financial industry is due for a significant realignment, in which consumers' financial wellbeing comes first; we are very proud that both new and existing investors alike see us as a major player in European fintech."

The funding round was led by existing investor Northzone alongside other existing investors including Accel, Quadrille Capital and FinTech Collective. New investor Citi Ventures also participated in this funding round.

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