Why does everyone have to pay so much for their part-payments, credit cards and loans? That was the question we asked ourselves when we started Anyfin.
We want to change how the industry works
Credit cards and part-payments have become a common payment method in Sweden. We are exposed to credit card offers on a daily basis and choosing to use part-payment has become the rule rather than the exception. For many people, this is a way to manage their private economy; by spreading out the highs and lows. For others, it's a way to cope with unforeseen expenses, like when the refrigerator suddenly breaks. Having said that, it has been a long time since someone actually cared about you, the customer, least of all the creditors. You only have to look at the high-interest rates on our part-payment and credit card invoices.
Our goal is simple, we don’t want to add to the burden of debt. Rather, make sure no one pays more than they should. Therefore, we never originate new loans, we just lower the rate on the ones you already have.
We let the technology do the heavy lifting, leaving humans to deal with what’s important
Our use of smart technology and reasonable administrative fees ensures that we can lower your monthly costs. We pay off your old debt and issue a new loan with better terms. We earn money on the interest rate from the credits, but we do not have expensive intermediaries and are fine with earning less than others in the industry. It also means that if the day comes when creditors start offering fairer rates and clearer terms, we will no longer be needed. Nothing would make us happier.
We want you to feel in control of your private finances; therefore, we think it's important that you can reach us whenever you want, without any hassle and in the way that suits you best.
We are not alone on our mission
Anyfin was founded in 2017. We have more than 20 years of experience from risk assessment, credit and technological development from some of Sweden's leading technology companies, iZettle, Klarna and Spotify. Together with people specialising in design and programming, artificial intelligence and credit counselling, we are driven by wanting to change, challenge and create a fairer industry. On this journey with us, we also have some of the world's leading venture capital firms, Accel, Northzone and Global Founder Capital. Together, they have been behind several companies that have revolutionised how we live: Facebook, Spotify and LinkedIn.