10 December 2019

London FinTech Hastee raises €243mn

Written By FinTech Alliance

London FinTech Hastee raises €243mn

Hastee, a London-based FinTech startup, has raised €243mn.

In Brief:

  • The company offers a ‘financial wellbeing’ solution which allows workers to access their salary more quickly.

  • Investors include IDC Ventures and Umbra Capital.

  • A large number of the firm’s customers are in the hospitality sector.

What does this mean?

Initially these kind of offering sound the same as an interest-free overdraft, but they actually deal with the employer as opposed to a bank. Hastee pays employees up to 50% of their wages on demand and is then reimbursed by the employer on payday, which means cash flow is not impacted.

Read more here.

 

Up Next ...
28 March 2024

EToro adds 12 tokens to crypto lineup

EToro, the trading and investing platform, announced today that it ...

28 March 2024

Robinhood launches credit card

Robinhood continues to expand beyond its stock trading origins.In brief:- ...

28 March 2024

Sandbox Banking partner Plaid

Sandbox Banking and Plaid partner to strengthen identity verification and ...

27 March 2024

Targeting $180M in Revenue, Vault Aims to Lead the $50B Digital Crypto Banking Market

Written By: Vault

Vault's approach of providing personalized, effective, and affordable white label solutions for digital and crypto banking has captured the interest of a diverse range of...

More in Personal Finance Management

Snoop raises £15mn

03 August 2021

Snoop, a “smart money” app, has raised £15mn Series A ...

Posted By The Community

Quirk secures £300k to help young professionals manage their money according to their personality

27 January 2021

Quirk, a consumer fintech startup that uses unique personality testing to deliver tailored financial...

Written By: Quirk

Raisin empowers financial independence across the UK

07 July 2020

Almost one in three Brits have less than £1,500 in savings. Around 15% have no cash savings at...

Microsoft, Plaid introduce Money in Excel

31 March 2020

As Office 365 moves to Microsoft 365, a new personal finance tool has been introduced. In Brief:...

There are no Knowledge Bank in this category

There are no Events in this category