Supporting financial institutions' transition from legacy solutions with digitised lending solutions, Stockholm-based Näktergal has raised €1 million. Already experiencing success in Sweden and Finland, the company aims to use a portion of the investment to enter the German market in the coming months. Since launching in 2015, the startup has raised a total of €2 million.
With a digitised lending system, Näktergal’s aim is to create a pain-free environment for banks, challengers, and lending institutions working in mortgage lending, consumer lending, business lending, and savings and deposits to get up and running fast, scale without limits, and remain competitive in a complex and constantly evolving market.
“I’ve always had the vision of replacing legacy banking tech with an intuitive and efficient lending platform, which could provide the kind of personalised, streamlined and fast experiences that customers have come to expect in the age of the cloud,” explained co-founder and CEO Erik Bennerhult. “We’re now at a pivot point where larger banking institutions must transform how they operate their lending services, and Näktergal is well positioned in this shift.”
Näktergal’s €1 million funding round was led by Katalysen & Partners, with participation from angel investors including Stefan Backlund, former Vice President Marketing & Communications at Trustly, Jon Wimmercranz, former Group CMO at Bambora, and fintech veteran Anette Tånneryd.
On the investment, Katalysen & Partners CEO Peter Almberg commented, “We have been working with Näktergal for 7 months now, and I am immensely impressed with the achievements of the team and its products.” He added, “we are already actively involved in discussions with banks outside the Nordics and are looking forward to Näktergal entering a new market with pomp and circumstance.”