Wenvest Capital leads CHF 8m round for Teylor

Teylor plans to open an office in Berlin following the funding round and also plans to expand its team, according to a statement. Teylor will also invest in the development and roll-out of its Teylor Lending Cloud software to more banking customers. In addition, the company plans to use the fresh capital to finance loans itself via its debt vehicle.

Munich-headquartered Wenvest Capital generally invests €500,000-10m in B2B SaaS businesses.

Previous funding
In April 2019, Steinbeis led a CHF 1m round for Teylor. The company launched its software in the same year.

Company
Teylor is based in Zürich and was founded in 2018. It has a further office in Konstanz, Germany, and employs 20 people. The company allows Germany-based SMEs to apply online for loans of €20,000-450,000 with a duration of 6-60 months, using an automated credit scoring process. The company partners with SolarisBank to provide loans and provides a licensed version of its software to banks.

People
Teylor – Patrick Stäuble (founder, CEO).

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• Topics
• Expansion
• DACH
• Technology
• Venture
• Switzerland