SteadyPay Raised $3M in Seed Funding

Funding Rounds

▤ Summary

Co-founded by John Downey and Ivan Istomin, SteadyPay is a progressive lending platform for people with unstable incomes. The AI-based solution analyzes open user data to predict their creditworthiness. According to these forecasts, the company tops up the bank account of a platform user if their earnings fall below the average monthly income. The average monthly replenishment per person is about £250, and the maximum balance a user can have on SteadyPay at any given time does not exceed £1000. They can recharge without interest and only have to repay SteadyPay when they exceed their average income in a given month.

$ Funding

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Amount $3.0M Total raised
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Date March 6, 2023 Announcement date
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Investors - Lead investors
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Company http://www.steadypay.co Funded company

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