Quayle Munro is pleased to announce that it has advised Neyber, the sector-leading financial wellbeing provider, on its £21m Series C fundraising led by Wadhawan Global Capital (“WGC”), a leading Indian Financial Services Group. Existing Neyber investors also expanded their investment in the company.
Neyber is an award-winning financial wellbeing provider that helps UK employees to be better with their money. Neyber partners with employers to support their workforce’s financial wellbeing with access to affordable, salary-deducted loans and financial education - all at no cost or risk to the employer.
Martin Ijaha, co-founder and Chief Executive Officer of Neyber, said: “This investment is our largest round closed to date and marks the high level of customer demand for salary-deducted lending; a business model pioneered by Neyber in the UK employment market. WGC’s investment will enable us to accelerate our growth by adding capacity that will support our significant new contract wins, the development of our financial wellbeing offering and communication with our expanding customer base. Quayle Munro’s introduction to WGC and their advice through the process was highly valued and much appreciated.”
Lawrence Guthrie, Managing Director at Quayle Munro, said: “We are pleased to have worked with Martin and his team to deliver this important fundraising for Neyber. WGC will contribute their experience of over three decades in the financial services space alongside a fresh approach to investing in entrepreneurial-led, disruptive business models in the financial services space.”
This transaction continues Quayle Munro’s strong track record in specialty finance and fintech. Quayle Munro has completed 20 transactions in the past 12 months in these sectors, involving Broadridge, Equiniti, FactSet, Pirum and WeSwap.