London based lending platform Neyber has secured £7.5m in Series B funding led by Deutsche Bank COO Henry Ritchotte. Neyber is a lending platform for employers to offer affordable loans to employees.
Martin Ijaha, the co-founder, commented on the news: “This latest funding round has delivered significant support from our anchor partner, Police Mutual and other initial investors alongside new investors with notable experience in the financial services sector. Their investment will support the acceleration of Neyber’s business, enabling it to reach more employees.” Founded in 2014, Neyber was selected to join a UKTI FinTech trade delegation to the US last year alongside Azimo, Eris Industries, Ventures Founders, Currencycloud and Crypta Labs. The startup, which claims its loan book exceeds £50m, uses its proprietary salary deduction technology that integrates directly with employer payroll systems.
http://techcitynews.com/2017/04/12/fintech-startup-neyber-closes-7-5m-series-b/