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Thursday 14 September 2017

Goldman sees good in Neyber-ly lending

logoI do get rattled when a money lender describes itself as ‘financial wellbeing platform’ as borrowing money is not always conducive to your good financial health! But London-based startup, Neyber, gets full marks for marketing and entrepreneurialism, having raised a shedload of dosh to the tune of £115m in debt and equity financing, of which £100m was backed by Goldman Sachs, the ‘alma mater’ of Neyber’s founders. This followed a £21m Series C round a month ago, led by Wadhawan Global Capital and a £7.5m Series B round in April.

I think the FT described Neyber well, calling it a sort of ‘digital credit union’, as it provides its platform to companies of offer employees access to salary-deducted loans along with some whizzy money management tools. Founded in 2014, Neyber’s anchor client is the Police Mutual, and it has since enlisted a number of other marquee clients including BUPA and Anglian Water.

So, other than the Wonga-like marketing spiel, well done them!

Posted by Anthony Miller at '09:43' - Tagged: funding   startup  

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