6 years ago

Hastee Raises £208 Million to Revolutionize Payroll and Financial Wellbeing

  • Hastee, a UK-based financial wellbeing solution provider, has raised £208 million in a funding round led by Umbra Capital

  • The investment will be used to further develop and grow Hastee's platform, which allows workers to access their earned pay on demand

  • The company aims to reduce reliance on high-cost credit options like payday loans by providing financial freedom and flexibility to employees.

      • ProblemFinancial Services

      "Many people in the UK rely on high-cost credit, such as payday loans, credit cards, and overdrafts, which can lead to financial stress and hardship."

      Solution

      "Hastee provides a financial wellbeing solution that allows workers to access up to 50% of their earned pay on demand, via the Hastee App. This helps workers avoid high-cost credit and manage their finances more effectively."

      Covered on