附近上门

(Editor鈥檚 Note: This is an article written for聽听产测听 and shared with 附近上门 News as part of a news-sharing partnership.)

London-based , a fintech startup that allows workers to access earned income in real time, has secured 拢20 million ($25 million) in a round led by, with participation from, and. This latest investment, which brings the total raised to 拢65 million, will be used to consolidate the company鈥檚 market share in the U.K. and to fund its international expansion.

The app allows employees to stream their earned wages into their accounts, giving them control over when they鈥檙e paid. also offers an automatic savings product called Safestream, which enables users to put aside a small amount of their pay before it鈥檚 actually paid to them.

The startup believes these services boost the financial resilience of staff and also protect them from predatory consumer lenders, according to CEO and co-founder Peter Briffett.

Jonathan Levy of spoke about the tangible鈥攁nd urgent鈥攂enefits of income streaming. 鈥淢any of the low paid who have kept the country running during the COVID-19 crisis, including key workers, are most vulnerable to the economic shock to come,鈥� he said. 鈥淔inancial inclusion tools that reduce the poverty premium and help prevent those on low incomes from relying on credit due to the painful effects of the monthly pay cycle are going to be essential post-pandemic if these workers are to avoid a vicious cycle of debt.鈥�

Commenting on the investment, Northzone partner Jeppe Zink said, 鈥淚ncome streaming is a unique innovative financial solution that improves people鈥檚 lives and there is no doubt that, in the future, Wagestream will become as important as any other benefits like health care.鈥�

Founded in 2018, the fintech company serves customers such as,, and five trusts, reaching about 300,000 workers.

Illustration: .