Supporting financial institutions’ transition from traditional to digital lending solutions, Stockholm-based NÃ¤ktergal raised â¬ 1 million. Already seeing success in Sweden and Finland, the company aims to use part of the investment to enter the German market in the coming months. Since its launch in 2015, the startup has raised a total of 2 million euros.
With a digitized lending system, NÃ¤ktergal’s goal is to create a pain-free environment for banks, challengers, and lending institutions working in mortgages, consumer lending, business lending, and savings and deposits to get started quickly, grow without limits, and stay competitive in a complex and constantly changing market.
âIt has always been my vision to replace old banking technologies with an intuitive and efficient lending platform that could deliver the kind of personalized, streamlined and fast experiences customers expect in the cloud age. Â», Explained co-founder and CEO Erik Bennerhult. âWe are now at a pivotal point where large banking institutions need to transform the way they operate their lending services, and NÃ¤ktergal is well positioned in this change. “
NÃ¤ktergal’s â¬ 1 million funding round was led by Katalysen & Partners, with the participation of angel investors, including Stefan Backlund, former vice president of marketing and communications at Trustly, Jon Wimmercranz, former chief marketing officer of Bambora Group and FinTech veteran Anette TÃ¥nneryd.
Commenting on the investment, 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 team and its 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.”