2 years ago

SteadyPay Secures $3 Million in Seed Funding to Expand Progressive Lending Platform

  • SteadyPay, a London, UK-based progressive lending platform provider, has raised $3 million in seed funding led by N1 with participation from Ascension and The Future Fund

  • The company intends to use the funds to accelerate growth and expand operations

  • SteadyPay, co-founded by John Downey and Ivan Istomin, provides a progressive lending platform for people with unstable incomes

  • The AI-based solution analyzes open user data to predict their creditworthiness

  • The platform operates on a subscription model and currently has 12,000 active users.

      • ProblemFinancial Services

      "making insurance more flexible by top-up users' bank accounts if their earnings fall below average monthly income"

      Solution

      "AI-based progressive lending platform for people with unstable incomes, calculating loan amounts and fees based on user predictions"

      Covered on