The young Swiss fintech Teylor recently raised a three-digit million amount from international investors. The company (website) is expanding its management team: Andre Cordesmeyer will become Chief Commercial Officer (CCO), and Huy Nguyen Chief Financial Officer (CFO). This is to create the personnel structures for further growth, according to a statement on Tuesday.
Nguyen joined the Zurich-based startup in 2021. He previously managed leveraged and structured finance transactions in the DACH region at Deutsche Bank. At Teylor, he was initially responsible for Teylor Capital’s business as head of private debt, which includes portfolio management and capital raising.
In this role, he led the fundraising that most recently saw the startup raise €275 million in fresh capital from investors such as Barclays and M&G Investments. Nguyen will retain this role and lead Teylor Capital, in addition to supporting the company’s strategic development, according to reports.
The financing round was one of the most significant financings in the European private debt market for alternative financing, and in the fintech industry so far this year, finews.ch reported. The capital will allow the startup to continue its rapid growth and meet the financing needs of SMEs with various lending products through the Teylor lending platform.
Cordesmeyer joined Teylor in 2019, shortly after the company was founded. Previously, he served as regional sales manager for Ulm-based industrial group Liqui Moly in the United Kingdom. At Teylor, as Head of Sales, he established and expanded the financing sales of the Teylor platform from the beginning.
It says that his team has realized more than 300 million euros in financing volume. As CCO, Cordesmeyer will drive the expansion of financing sales and the European partner network.
As the company is proliferating, the team is to be expanded further by 2024. In particular, new sales staff will be recruited to meet the growing demand for digital SME financing.