Northzone heads up Wagestream Series B round
Wagestream, which gives workers early access to their earned pay when they need it, has raised £20 million as part of a Series B funding round.
This latest investment, which takes the total raised to £65 million, will be used to build upon progress made in the UK and to fund international expansion.
Early-stage venture capital specialist Northzone headed up the round with participation from QED Investors, Latitude Ventures and Balderton Capital.
Jeppe Zink, Partner, Northzone, says: “Income streaming is a unique innovative financial solution that improves people’s lives and there is no doubt that, in the future, Wagestream will become as important as any other benefits like healthcare.”
“The increasing popularity of income streaming, and the way that employers are fast getting wise to how they benefit hand in hand with their staff, is tracking the trajectory we all expected to see, which is outstanding progress.”