Enkla in its digital prime for mortgages
Swedish brothers Alexander and Marcus Widegren are targeting the mortgages market with their new digital platform, Enkla.
In a desire for simplicity, the firm will offer a 0.95% fixed mortgage rate for three years to qualified applicants in Sweden via the platform.
‘’Ten years ago, someone would fill out an application at home and post it the next day. Now it’s click, click, move,’’ says Alexander Widegren, founder and CEO of Enkla.
Prospective users with an existing mortgage of SEK 5 million ($611,000) or less from any bank in Sweden can sign up for a waiting list, and loan specialists will evaluate the applicants for mortgage transfers in Q2 of this year.
On its website, the firm says there are no setup fees or application costs. Enkla says it will “only work with existing mortgages” and “in case of a loan loan [sic], we refer to another player”.
Housing credit institution Simplex is the owner of Enkla and its predecessor Lånbyte. Simplex is supervised by Sweden’s Financial Supervisory Authority (Finansinspektionen) and is fully licensed.
Enkla was officially founded in 2013.
Alexander Widegren has had a varied job history – working as an independent consultant / software engineer; as a Formula One management assistant; and briefly at Interpol.
Marcus Widegren currently works as the director of business strategy at Lånbyte. He has previously worked as head of sales at online music platform Tidal.
