Neyber reaches out to new investors

Salary-deducted lending provider, Neyber, has attracted £21 million of new equity in its latest funding round, led by Wadhawan Global Capital (WGC), a leading Indian financial services group. Existing Neyber investors also expanded their holdings in the company.

WGC chair, Kapil Wadhawan, said:

‘Our investment in Neyber, an innovative fintech company in the UK, shows our commitment to partner with entrepreneurial businesses. We believe such disruptive business models in the financial services space can reach customers in a new yet efficient manner. Neyber is built on the model of community-based financial empowerment through fair and just lending, something that resonates with our founders’ philosophy.’