Neyber, a London, UK-based lending platform for employers to offer loans to employees, raised £6m in funding.
Backers included John Spearman.
The company, which has raised £8.5m in total to date, is using the funds to expand operations.
Co-founded by Martin Ijaha, CEO, Monica Kalia, Chief of Strategy and Business Development, and Ezechi Britton, CTO, Neyber provides employers with a free employee lending platform which integrates with existing payroll structures and host a dedicated customer call centre.
The salary–deducted loans, between £500 and £25k, are underwritten by Neyber.
The company, which is authorized and regulated by the Financial Conduct Authority, is currently hiring.