FinTech firm Neyber raises £21 million in Series C funding

FinTech firm Neyber has closed a £21m Series C led by Wadhawan Global Capital (WGC), an India-based financial services group. The deal, announced on 1st August 2017, alongside Gaël de Boissard, Henry Ritchotte, John Spearman and Police Mutual brings Neyber’s raise total to £34.5m following previous rounds: a £6m Series A and a £7.5m Series B.

Neyber, the London-based fintech company co-founded by Top 100 Asian Stars in UK Tech 2017 nominee Monica Kalia, Martin ljaha and Ezechi Britton, allows employers to offer ‘affordable’, salary deductible loans to fund mortgages and other higher-value purchases. It marks the second investment through the newly set up UK arm of Wadhawan Global Capital as it seeks to expand its global footprint.

WGC chairman Kapil Wadhawan said, “We remain passionate and committed to our Founder’s vision. A vision that was revolutionary in conceiving a ‘financially inclusive’ nation, at a time when it was completely unheard of. Today, the same overarching vision is driving our businesses to enable ‘digital financial inclusion. At WGC, our aim is to enable wider financial access and fulfil the unmet needs of the priority sector across every stage of life. Our businesses are focussed on creating innovative financial products to reach where traditional financial channels are absent.”

Neyber, a fintech company, has been built on the model of community-based financial empowerment through balanced lending. For further information visit www.neyber.co.uk