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A startup providing much-needed support to FI’s in Sweden and Finland

Publish date: 12 May 2020
Author: Näktergal

Erik Bennerhult, co-founder and CEO of Näktergal, explained to Efma how their lending platform is uniquely suited to help financial institutions in Scandinavia through this crisis.

Could you present Näktergal?

Näktergal is on a mission to reinvent banking systems and streamline loan processes. We offer intelligent and simple platform solutions for business lending, mortgages, consumer lending and even a savings system. Our efficient platform automates even the most manual processes in the lending lifecycle; from onboarding to servicing, and everything in between. Näktergal was founded in Stockholm in 2015 by Mikael Abrahamsson and I and, today is available in the Swedish and Finnish markets. Our digitised lending systems make it pain-free to get up and running fast, scale seamlessly and stay competitive in today's complex and ever-evolving market.

How is Näktergal helping companies and customers during the Covid-19 crisis?

Covid-19 presents an entirely new kind of financial crisis. We are all being affected, and in just a few short weeks, there was a radical shift in the way we spend our money. This shift has presented several challenges for many people and businesses. Essentially, 2020 so far has been a shaky year for businesses, and we want to help as much as possible. Governments around the world are putting their belief in lending as a solution, and we are no different. However, with stock markets plummeting, it is harder than ever to get funding. Deposits are the time-tested way to get on-tap funding. This is why we want to offer our robust and fully-digitised deposit system free, including set-up, for six months (or until the crisis lets up) to FI's in Sweden and Finland. Please go to naktergal.tech/efma/ to learn more.

Watch Näktergal's profile on FinTechVisor

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