Aslan secures £3.9m seed investment led by Notion Capital to expand its financial wellbeing platform.
The seed round was led by Notion Capital with backing from Redstone and angel investors.
Aslan provides a financial wellbeing solution designed to enhance employee pay through rewards and flexible payment options. The mobile application and reward card give workers increased control over their personal finances.
Aslan has raised £3.9m in a seed funding round led by Notion Capital, with participation from Redstone and several angel investors. Stephen Chandler of Notion Capital will join the board following the investment.
The capital will be directed towards launching new budgeting and reward features, expanding the team across engineering, product and customer success, and scaling operations in the UK market. The company aims to address workplace financial wellbeing by offering tax-efficient cashback and flexible pay access.
Since launching in April last year, Aslan has secured clients across various sectors, including financial services and luxury goods, attracting users earning an average close to £50k annually.
From the founder
"We are incredibly excited to have the support of such highly respected Fintech investors as we enter this next phase of growth. This investment is a testament to the progress we’ve made, working with forward-thinking clients across multiple sectors within the UK workforce. But we are just getting started; Aslan will fundamentally change the way that we all get paid, and how companies reward their people."
James Gozney
Founder and CEO at Aslan
Investor perspective
"We are delighted to lead this investment round in Aslan, and to support its ambitious and passionate team. Aslan is bringing a significant innovation to market, in enabling flexible pay and rewards for salaried employees. It provides game-changing benefits for both employers and their staff, and we are excited about its next stage of growth."
Stephen Chandler
Managing Partner, Notion Capital
Use of funds
- 01Continue product development
- 02Grow the team
- 03Fund research and development
