Supporting the transition of financial institutions from legacy solutions with digitized lending solutions, based in Stockholm Näktergal raised 1 million euros. Already enjoying 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, Näktergal’s goal is to create a painless environment for banks, challengers and credit institutions working in the field of mortgages, consumer loans, business loans and savings and deposits to get up and running quickly, scale without limits, and stay competitive in a complex and ever-changing marketplace.
“I have always had a vision to replace legacy banking technology with an intuitive and efficient lending platform, which could provide the kind of personalized, streamlined and fast experiences customers expect in the cloud age. “, explained co-founder and CEO Erik Bennerhult. “We are now at a turning point where large banking institutions need to transform the way they run their lending services, and Näktergal is well positioned for this change.”
Näktergal’s €1 million seed round was led by Katalysen & Partnerswith the participation of angel investors, including Stefan Backlundformer vice-president of marketing and communications at Trustly, Jon Wimmercranzformer group marketing director at Bambora and fintech veteran Anette Tanneryd.
On the investment, the CEO of Katalysen & Partners Peter Almberg commented: “We have been working with Näktergal for 7 months now, and I am immensely impressed with the accomplishments of the team and their products.” He added: “We are already actively involved in discussions with banks outside the Nordics and look forward to Näktergal entering a new market with pomp and circumstance.”