UK Fintech Neyber Said to be Struggling to Attract New Funding

Neyber is a UK fintech that allows employees to borrow against their salaries; they started in 2013 and last raised money from the likes of Goldman Sachs in their Series C funding round in 2017; Neyber was also backed by Wadhaven Global Capital which has been in hot water ever since the arrest of its Chairman in India earlier this month; Neyber customers have been complaining that previously approved loans have been canceled with no explanation; Sky News has reported that rival Salary Finance is conducting due diligence on Neyber’s loan book to determine if a purchase makes sense; co-founder and Chief Strategy Officer Monica Kalia denied the rumors of financial distress saying that Neyber is “a thriving and ongoing business with over 2 million customers”. Sky News

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]