London based lending platform Neyber has received a £100m investment from Goldman Sachs. Neyber, founded in 2014 and launched in 2015, partners with employers to let their staff borrow money at attractive rates.
Repayments are then deducted from future salaries, lowering the risk for the lender and hopefully helping staff manage money better. Goldman's investment in the UK-based fintech startup is a mixture of debt and equity. It comes alongside an extra £15 million of lending capital for Neyber from existing investors, led by former Deutsche Bank COO Henry Ritchotte and Gael de Boissard, the former cohead of Credit Suisse's investment bank.