Northzone led the £20m Series B round to support international expansion and strengthen UK market share.
"Where people work and how they work is changing by the day, all the more so since Covid-19 struck. Now the way in which people get paid is changing, too, and at scale. Wagestream provides a financial flexibility that is perfectly suited to today’s agile and progressive workforce."
The Series A round was led by Octopus Ventures with participation from Hoxton Ventures and angel investors.
"We are delighted to be working with Octopus Ventures to continue our growth path. The endorsement of one of Europe’s leading VCs provides hugely valued market validation to the work Vitesse has done and continues to do. Their crucial support will help us to keep drivingcompany expansion and continue to transform the payments market."
SBI Financial Services acquired a minority stake in the digital asset trading firm to launch a strategic partnership.
"We expect a lot of synergies with B2C2, a firm which has a large number of clients globally and offers abundant liquidity, excellent price competitiveness, and a diverse suite of products for their customers. We will work to develop innovative new crypto products and deepen synergies across our group of companies."
— Yoshitaka Kitao, Representative Director, President & CEO
The seed round was led by the SidebySide EIS Fund to scale the company network and enhance its digital platform.
"There is no one place to go to find investment or to find investment opportunities – and there needs to be. With a single, central place, we can help start-ups thrive and investors get access to the best deals."
West Hill Capital led the oversubscribed follow-on investment to fund team growth and product expansion.
"One of our key goals is to eliminate all forms of rental deposits including £4.5bn of cash tied up in rental deposits and deposit alternative products by December 2021."