Swedish fintech company NÃ¤ktergal, which supports financial institutions with cloud platform solutions for digital lending, has raised â¬ 1 million under the leadership of Katalysen & Partners.
NÃ¤ktergal’s plug and play cloud banking platform replaces traditional banking technologies, making lending more efficient and easier for banks and end consumers. The Swedish fintech solution supports customers with parts of the flow or end-to-end, making it easy to scale for different organizations. Since its inception in 2015, the company has gained clients ranging from banks to mortgage startups in Sweden and Finland.
Peter Almberg, CEO of Katalysen & Partners, said: âWe have been working with NÃ¤ktergal for 7 months now and I am extremely impressed with the achievements of the NÃ¤ktergal team and their products. He added: “We are already actively involved in discussions with banks outside the Nordic countries and we look forward to NÃ¤ktergal entering a new market with pomp and circumstance.”
The pandemic has further fueled the demand for fluid digital lending, dramatically increasing the need for NÃ¤ktergals platform solutions. The new funding will help NÃ¤ktergal meet growing market demands.
Erik Bennerhult, CEO and Co-Founder of NÃ¤ktergal, comments: âIt has always been my vision to replace traditional banking technologies with an intuitive and efficient lending platform, which could deliver the kind of personalized, streamlined and personalized experiences. quick as customers came. to look forward to in the cloud age. We are now at a pivotal point where large banking institutions must transform the way they operate their lending services, and NÃ¤ktergal is well placed in this change. With new financing and a strong venture capital partner, we are now perfectly equipped to further develop our activities in Europe, with Germany next for NÃ¤ktergal â.
Earlier this year, NÃ¤ktergal closed a smaller round to launch a new consulting branch. NÃ¤ktergal Consulting was launched earlier in June and already has a team of 4 people who support financial institutions with funding projects involving large amounts of data.
âWe launched NÃ¤ktergal Consulting as an addition to our platform to help our new and suspected clients migrate their old processes to more digital flows. The service was very well received and made it easier for us to develop â, continues Erik Bennerhult.