Stream, the workplace finance platform formerly known as Wagestream, has secured fresh backing after completing a £67m Series D round.
According to UKTN, the London-based FinTech, which partners with employers to offer flexible wage access and broader financial tools, was founded in 2018 to provide workers with alternatives to high-cost payday lending.
The latest £67m raise was led by Sofina, with participation from Ascension Ventures, Balderton, Northzone, Smash Capital, LocalGlobe Latitude, the British Business Bank, and Better Society Capital. The capital injection follows several years of growth for the company as it expands its suite of services for employees.
Stream began by enabling workers to draw down earnings early, but has since broadened its remit into a platform offering budgeting tools, financial planning support and access to affordable credit. The firm is increasingly positioning itself as an end-to-end workplace finance provider as employers look for ways to support staff wellbeing and retention.
With the new funding in place, Stream plans to fast-track its international expansion, with the US among its priority markets. The firm also intends to strengthen its pension offering, which it recently expanded through its acquisition of Zippen in 2025.
The company said the latest round will help it widen the impact of its workplace finance tools and support more employees in building long-term financial stability. The push into pensions is expected to deepen that reach, while international growth will bring its model to new employer partners abroad.
Peter Briffett, co-founder and chief executive of Stream said, “Stream has pioneered the workplace finance category in the UK, as one of the few platforms giving workers fair financial tools to save, budget and plan ahead – all through their employer. For many, this is the first time they’ve felt genuinely in control of their money”.
“This investment will allow us to deepen that impact through pensions and international growth, helping more people build financial security. If we get this right, the benefits extend far beyond individuals – lowering personal debt, reducing risk of employment and boosting productivity,” Briffett added.
Jean-François Burguet, principal at Sofina said, “Stream has redefined how financial services can be delivered in the workplace with both profitability and purpose”.
“Its impact-led model aligns with Sofina’s investment philosophy, and we are delighted to lead this round as the company enters its next phase of growth – heralding a new era for employee-oriented workplace finance.”
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