Scayl is a platform that connects Fintech lenders with scalable debt funding from banks, streamlining the financing process through a single point of contact and API integration. By offering a standardized term sheet and real-time reporting, Scayl enables lenders to focus on business growth without the complexities of managing multiple funding relationships.
Funding
$108.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Fintech lenders often face challenges in securing scalable debt funding from traditional banks, requiring them to manage multiple relationships and navigate complex financing structures. This process can be time-consuming and divert resources away from core business activities like loan origination and growth.
Solution
Scayl offers a platform that connects fintech lenders with scalable debt funding from a network of banks, streamlining the financing process through a single point of contact and standardized API integration. The platform provides a standardized term sheet and real-time reporting, enabling lenders to access funding regardless of asset class, credit product, jurisdiction, currency, or risk segments. Scayl's debt facility is designed to be flexible and adapt to the changing needs of lenders, accommodating new product launches and market expansions. By automating reporting and simplifying the funding process, Scayl allows lenders to focus on growing their business without the complexities of managing multiple funding relationships.
Target Audience
Scayl primarily targets fintech lenders, including startups, scale-ups, and established lenders, seeking debt capital to finance loan origination and scale their lending businesses.
Features
- Access to a network of banks for scalable debt funding
- Single point of contact for managing funding relationships
- Standardized term sheet for faster execution
- API integration for seamless data sharing about loans
- Real-time monitoring and automatic reporting
- Flexible debt facility that adapts to changing business needs
- No commitment, unused, or exit fees; interest only
- High advance rates