Swiss fintech Teylor has secured €275 million in debt financing from Barclays, M&G Investments, and other investors. The funding will allow Teylor to provide flexible and long-term financing solutions to small and medium-sized enterprises (SMEs) and expand its debt products.
Facts
- Swiss fintech Teylor has obtained €275 million in debt financing from investors including Barclays and M&G Investments.
- Teylor, founded in 2018 and based in Zurich, aims to enhance credit accessibility for European SMEs.
- Teylor’s proprietary platform offers fast and flexible financing to SMEs in Germany and has licensed its technology to over a dozen financial institutions in Europe.
- Over the past three years, Teylor’s platform has processed more than €3 billion in SME debt.
- Huy Nguyen, head of private debt at Teylor, states that the capital will enable the company to provide long-term financing solutions to strong SMEs at a time when capital is less accessible.
- With the new funding, Teylor plans to support its growth and meet the financing needs of SMEs by offering a range of debt products through its platform.
- Alexis Dussault, Portfolio Manager at M&G Investments, believes that Teylor’s knowledge of local markets, advanced technology, and strong leadership position the company well to address the funding gap faced by SMEs in Continental Europe.
