Swiss fintech Teylor has expanded into Ireland, and plans to launch its digital lending platform for SMEs in the coming months.
The move into Ireland is part of Teylor's wider European growth strategy following its acquisition of Grenke AG's factoring business in Ireland, Germany, the UK, Hungary, Italy, Poland and Portugal, pending regulatory approval.
Zurich-based Teylor said many of Ireland's 270,000 SMEs face significant hurdles in accessing timely, reliable funding, and that its platform offers credit decisions in minutes and funding within 24 hours.
The full platform rollout is planned for mid-2025, and Grenke factoring operations in Ireland will be integrated into the Teylor brand.
“Ireland’s SMEs are vital to the country’s economy, yet many face challenges accessing timely and efficient financing," said Patrick Stäuble, founder and CEO of Teylor.
"Our digital lending platform addresses this gap by delivering fast, transparent, and reliable funding.
"Ireland is an important market for us, and this launch marks another step in our mission to simplify SME financing across Europe.”
Photo: Patrick Stäuble (right). (Pic: Supplied)
