Neyber, a London, UK-based provider of financial employee benefits, secured UK£7.5m in Series B funding.
Backers included Police Mutual, former Deutsche Bank COO Henry Ritchotte and Credit Suisse Investment Bank Co-Head Gaël de Boissard.
The company, which has raised £18m in total capital to date since inception, intends to use the funds to expand its customer base.
Founded by former Goldman Sachs investment bankers Martin ljaha and Monica Kalia along with financial technology expert Ezechi Britton, Neyber provides a consumer finance and wellbeing platform that enables employers to offer access to loans at affordable rates. Loan repayments are taken through salary deduction technology that integrates directly with employer payroll systems.
The company’s services are now available to public sector employees across the Police Service, London City Airport, NHS Trusts and Local Authorities and in private sector enterprises such as UK Power Networks and Anglian Water.
Neyber’s total loan book exceeds £50m.