8 years ago

Neyber Secures £7.5 Million in Series B Funding to Expand Financial Employee Benefits

  • Neyber, a UK-based provider of financial employee benefits, has raised £7.5 million in Series B funding

  • The round was led by Police Mutual, with participation from former Deutsche Bank COO Henry Ritchotte and Credit Suisse Investment Bank Co-Head Gaël de Boissard

  • Neyber provides a consumer finance and wellbeing platform that enables employers to offer access to loans at affordable rates

  • The company plans to use the funds to expand its customer base.

      • ProblemFinancial Services

      "Employees often struggle to access affordable loans, especially those in the public sector. Traditional lending options can be restrictive and expensive."

      Solution

      "Neyber provides a financial wellbeing platform that enables employers to offer employees access to affordable loans through salary deduction technology. This makes borrowing easier and more accessible, particularly for public sector employees."

      Covered on