Swiss fintech Teylor lands €275m debt funding
Swiss lending fintech Teylor has secured up to €275 million in debt financing from Barclays, M&G Investments, and other investors.
Patrick Stäuble, CEO and founder of Teylor
Founded in 2018 and based in Zurich, Teylor aims to provide European small and medium-sized enterprises (SMEs) with better access to credit. Through its proprietary platform, Teylor provides “fast and flexible” financing to SMEs in Germany, and has licenced its technology to over a dozen financial institutions in Europe.
Teylor claims its platform, which offers deal origination, credit risk assessment, and private debt, has processed over €3 billion in SME debt over the last three years.
“The capital enables us to provide flexible and long–term financing solutions to strong SMEs in a time where capital has become less accessible,” comments Huy Nguyen, head of private debt at Teylor.
With the fresh funding, Teylor plans to facilitate its growth and enable it to meet the financing needs of SMEs with a variety of debt products made available through its platform.
Alexis Dussault, Portfolio Manager at M&G Investments, says Teylor is in a “good position to help fill the funding gap that SMEs are facing in Continental Europe, thanks to their knowledge of local markets, advanced technology and a strong leadership”.
