Scayl Raises €100 Million to Expand European Fintech Lenders' Loan Portfolios

Scayl, a debt financing platform headquartered in Stockholm, has announced its emergence from stealth mode and the successful raise of €100 million. Founded by a team of experienced financial services, fintech, and venture capital professionals, Scayl aims to address the financing challenges faced by European fintech lenders.

Recognizing the hurdles encountered by fintech lenders in raising debt, Medjit Yalmaz, Patrik Blomdahl, and Jatin Goyal established Scayl in 2023. Leveraging their expertise in private credit, venture capital, and fintech lending, the trio designed a funding product and technology platform tailored specifically for fintech lenders.

Scayl's platform facilitates faster access to clear funding arrangements, enabling fintech companies to finance their loan books ten times quicker than traditional methods. By streamlining the debt negotiation and structuring process, Scayl empowers fintech lenders to capitalize on market opportunities and mitigate the impact of macroeconomic challenges.

Medjit Yalmaz, CEO and co-founder of Scayl, expressed enthusiasm about the company's mission to support fintech lenders and unlock the potential of the European lending market. Scayl's innovative platform utilizes advanced technology, including AI-enabled risk modeling and real-time data monitoring, to expedite loan funding and enhance the lending process.

With nearly 100 lenders in Europe expressing interest in Scayl's platform, the company is poised to address the significant demand for flexible and affordable debt financing solutions. By collaborating with banks and credit agencies, Scayl aims to expand its network of financing partners and facilitate access to capital for fintech lenders across Europe.