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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.
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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.
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