CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow Neyber Raises £21M at Series C Funding Round Closure
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Neyber Raises £21M at Series C Funding Round Closure PDF Print E-mail
Wednesday, 02 August 2017
London-headquartered Neyber, the sector leading financial wellbeing provider, has raised £21M of new equity at the closure of its series C funding round. The series C round was led by Wadhawan Global Capital (WGC), a leading Indian Financial Services Group, whose decision to invest demonstrates their commitment to the UK’s fintech sector. Existing Neyber investors also expanded their investment in the company.  

Neyber is an award-winning financial wellbeing provider that helps UK employees to be better with their money. Neyber partners with employers to support their workforce’s financial wellbeing with access to affordable, salary-deducted loans and financial education – all at no cost or risk to the employer.

Neyber co-founder and Chief Executive Officer, Martin Ijaha, said: “This investment is our largest round closed to date and marks the high level of customer demand for salary deducted lending; a business model pioneered by Neyber in the UK employment market. WGC’s investment will enable us to accelerate our growth by adding capacity that will support our significant new contract wins, the development of our financial wellbeing offering and communication with our expanding customer base.”

WGC Chairman, Kapil Wadhawan, said: “Our investment in Neyber, an innovative fintech company in the UK, shows our commitment to partner with entrepreneurial businesses. We believe such disruptive business models in the financial services space can reach customers in a new yet efficient manner. Neyber is built on the model of community-based financial empowerment through fair and just lending, something that resonates with our founders’ philosophy. Through this investment, we aim to scale their business and learning to similar markets around the world.

“At WGC, we will continue to focus on similar opportunities in the UK market. We wish to learn from young players and at the same time provide them with scale through our experience of over three decades in the financial services space.”

WGC have strategically decided to invest outside of their home market and have chosen the UK, especially the fintech sector, to serve un-banked customers despite the uncertainty caused by Brexit. Neyber is WGC’s second investment in the UK fintech sector, following Zopa.
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197