€275m Transaction Makes Teylor One of the Best-Funded SME Credit Platforms in Central Europe

• Barclays Bank PLC, acting through its Investment Bank (“Barclays”), M&G Investments and other investors have signed financing agreements for up to €275m in capital to a debt vehicle managed by Teylor AG (“Teylor”), the Swiss-based fintech and European SME lender.
• The funding will enable Teylor to support more than 500 European SMEs with fast and flexible access to financing.
• This landmark fundraising transaction demonstrates the strength of the Teylor platform, team and technology.

Zurich, 1 June 2023 – Teylor, Barclays, M&G Investments and other investors have closed one of the largest fundraisings in the European private debt market for alternative lenders and the fintech industry so far in 2023. The €275m in fresh capital will enable Teylor to continue its rapid growth and allow the company to meet the financing needs of SMEs with a variety of debt products via the Teylor credit platform. This landmark DACH fundraising transaction was closed despite the turbulent macroeconomic backdrop and uncertainty in capital markets which demonstrates the strength of the Teylor platform, team and technology.

Huy Nguyen, Head of Private Debt at Teylor, says: „Having Barclays and M&G Investments as strategic partners for Teylor brings our platform to the next level and proves Teylor’s leading market position. The capital enables us to provide flexible and long-term financing solutions to strong SMEs in a time where capital has become less accessible.”

Teylor’s mission is to provide European SMEs better access to credit. According to the latest EY Global SME survey, SME decision-makers consider fast access to credit as one of their biggest needs, making fast and flexible alternative lending a key opportunity for competitive differentiation. Teylor’s position as a leading credit platform in the DACH region provides Barclays the opportunity to have an impact on SMEs outside of its UK home market.

Gordon Beck, Head of European Corporate & Sustainable Securitisation at Barclays, says, „SMEs require a reliable platform to satisfy financing needs with limited bureaucratic hurdles and efficient deal execution. We are pleased to expand our financing footprint within this sector in Continental Europe and support Teylor as one of the companies driving the transformation of SME lending through digitisation.”

M&G Investments is an active global investor in structured credit as well as private debt and this transaction has increased its footprint in SME direct lending in Europe. SME’s demand for non-bank financing is increasing as alternative lenders and private debt funds often provide greater flexibility.

Alexis Dussault, Portfolio Manager at M&G Investments, says, „We believe that Teylor is in a good position to help fill the funding gap that SMEs are facing in Continental Europe, thanks to their knowledge of local markets, advanced technology and a strong leadership. M&G are happy to support Teylor in their ambitious development.”

Since inception in 2018, Teylor has built a unique platform providing fast and flexible financing to SME borrowers in Germany. Teylor’s self-built technology platform is used directly to finance SMEs in Germany. Additionally, Teylor licenses the technology platform to more than a dozen financial institutions throughout Europe. Teylor’s proprietary platform for deal origination, credit risk assessment and private debt has allowed it to process more than €3bn of SME debt in the past three years.

Patrick Stäuble, CEO and Founder at Teylor, says, „SMEs, financial institutions and investors need a single platform that simplifies all credit processes. We have seen this digital revolution happen in B2C which was driven by today's fintech giants. The next fintech revolution will be in B2B and will be driven by companies like Teylor. With the support of our investors, we will change how credit is provided in modern economies.”

About Teylor AG

Teylor is the Swiss technology company that has developed the Teylor Credit Platform, a suite of software modules that enable financial institutions to build, deliver and scale digital credit products. Banks throughout Europe use Teylor's software modules to innovate their lending processes, digitise their products and reduce the cost of lending. SMEs rely on Teylor for fast and convenient access to capital through Teylor's own private debt fund. Teylor can customise its software modules to fit the requirements of any credit provider and credit product. Lenders can pick individual modules to complement and integrate with their existing legacy processes and technologies or develop entirely new digital processes from scratch. Teylor is Zurich-based and was founded in 2018 by Patrick Stäuble. For more information, please visit https://teylor.com/

About Barclays Corporate and Investment Bank

Barclays Corporate and Investment Bank is comprised of the Investment Banking, International Corporate Banking, Global Markets and Research businesses. It provides money managers, financial institutions, governments, supranational organisations and corporate clients with services and advice for their funding, financing, strategic and risk management needs. For further information about Barclays Corporate and Investment Bank, please visit our website www.cib.barclays.

About M&G Investments

M&G Investments is part of M&G plc, a savings and investment business which was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly owned international investment manager.  M&G plc listed as an independent company on the London Stock Exchange in October 2019 and has over €386.3 billion of assets under management (as at 31 December 2022). M&G plc has customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policy holders and pension scheme members.For more information, please visit: https://global.mandg.com/

Press contact:

Lukas Hofer
press@teylor.com