Wagestream Secures £300M Debt Financing Facility From Citi

▤ Summary

Wagestream, a London, UK-based company providing financial wellbeing solutions, raised £300M in debt financing facility provided by Citi. The company intends to allocate the amount of expand the Workplace Loans product offering to its UK member base. Wagestream provides solutions to over three million people through 2,000+ brands, helping employees make financial wellbeing decisions, from how and when they get paid, to live tracking, budgeting and coaching services, to enabling better savings habits. The company processes more than 10 million monthly transactions and more than £2.5 Billion in monthly payments on its platform. It provides financial benefits through 1,000 employers like Bupa, Domino’s, Evri, Hilton, New Balance and the NHS.

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