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Teylor AG Closes Financing Round of CHF 8 Million
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Teylor AG (“Teylor”), the Swiss SME lending technology startup, successfully closed a financing round of CHF 8 million. The significant increase in demand for digital banking solutions brought on by the Covid-19 pandemic accelerated Teylor’s growth and allowed the company to successfully close the financing round with existing and new investors in early May 2020. The company will use the funds to expand its lending and software business throughout Europe and to solidify its position as one of the leading technology providers in the SME banking segment. Founded in 2018 in Zurich, Switzerland, by CEO Patrick Stäuble, Teylor develops fully digital credit solutions for small and medium-sized businesses and provides a licensed version of its technology to banks. Using Teylor’s Software-as-a-Service (“SaaS”) products allows banks to completely digitalise and automate every aspect of their SME lending business, from customer onboarding to anti-fraud to scoring.The investors behin...
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