Swedish ‘fintech for fintech lenders’ Scayl exits stealth mode with €100M in vault: Heres its capital deployment plan
Summary
The startup was founded in 2023 by Medjit Yalmaz (CEO), Patrik Blomdahl (COO), and Jatin Goyal (CTO), along with a team of ex-VC (Swedbank), ex-Private Credit (Credo Capital Partners), ex-Fintech lender (Anyfin), ex-hedge fund (IPM), and ex-banking (SEB) professionals. By creating a funding product and technology platform built exclusively for Fintech lenders, Scayl is hyper-focused on addressing the lack of flexible and cost-efficient debt financing currently available to these companies. Scayl has come out of stealth during a challenging time for Fintech lenders in Europe due to a difficult macroeconomic environment, higher base rates, and rising risk of defaults. By supporting these Fintechs and helping them fill this gap, we expect to facilitate the growth of many unicorns for years to come, and we’re extremely excited by that,” comments Medjit. This technology helps Scayl to link a growing number of Fintech lenders with financing partners interested in SME and consumer credit exposure.