What is Neyber?
Neyber is a multi-award-winning financial wellbeing platform designed to empower UK employees to improve their financial management. By partnering with employers, Neyber offers access to affordable, salary-deducted loans, financial education resources, and a suite of savings and investment products. Crucially, these services are provided at no cost or risk to the employer. Founded by former Goldman Sachs investment bankers Martin Ijaha and Monica Kalia, alongside financial technology expert Ezechi Britton, Neyber aims to provide a genuine alternative to traditional financial services known for high borrowing rates and low savings returns. The company has been recognized for its innovation and ethical practices, including being named to KPMG's global top 100 fintech companies and receiving accolades for Ethical Financial Services Provider of the Year.
How much funding has Neyber raised?
Neyber has raised a total of $45.6M across 3 funding rounds:
Series A
$8.6M
Series B
$9.3M
Series C
$27.7M
Series A (2016): $8.6M, investors not publicly disclosed
Series B (2017): $9.3M led by Police Mutual
Series C (2017): $27.7M supported by Wadhawan Global Capital
Key Investors in Neyber
Police Mutual
Police Mutual, established in 1922, is a UK-based financial services provider offering a range of products including savings, investments, insurance, and loans, primarily serving the police community and their families. Their investment in Neyber suggests a strategic interest in expanding their financial service offerings through innovative fintech partnerships.
Wadhawan Global Capital
Wadhawan Global Capital Limited (WGC) is a diversified financial services group managing over US$22 billion in assets across lending, investment, and protection platforms. Their involvement indicates a strategic focus on scaling financial technology companies with robust business models and significant market potential.
What's next for Neyber?
With a significant injection of capital, Neyber is poised for accelerated growth and market penetration. The recent major strategic investment signals strong confidence from its backers in the company's business model and its potential to address the widespread financial stress experienced by many. This funding will likely be directed towards enhancing its product offerings, expanding its employer partnerships across the UK, and potentially exploring new markets. Neyber's focus on providing accessible and ethical financial solutions positions it well to capitalize on the increasing demand for comprehensive employee financial wellbeing programs.
See full Neyber company page
