Symmetrical.ai secures €5.6m seed funding to expand ethical employee finance across Europe
The seed round was led by Global Founders Capital and Partech with backing from existing investors.
Symmetrical.ai develops an automated financial platform that connects with employer systems to provide ethical financial products for employees. The company focuses on reducing financial stress through salary on demand, loans, and financial advice.
Symmetrical.ai has secured €5.6m in a seed funding round led by Global Founders Capital and Partech, with participation from Finch Capital, Market One Capital, and Plug and Play. The new capital will be used to bring ethical financial products to employees across Europe, expanding on a platform that offers salary on demand and zero interest loans through employer IT integrations.
The latest investment represents the largest funding milestone for the company to date, following a previous pre-seed round of €1.4m in May 2019. Symmetrical.ai has expanded rapidly since launch, making its platform available to nearly 70,000 employees and disbursing more than 15,000 on demand salaries.
From the founder
"We are excited to find partners who will accompany us on this journey to build new, employer-based trust layers for financial markets and have raised €5.6m from them"
Daniel Wartołowski
COO and Co-Founder at Symmetrical.ai
Investor perspective
"We believe Symmetrical.ai has the ability to change the lives of millions of employees who are mispriced and give them the tools to become mentally and financially better off. The company has already disbursed more than 15,000 on demand salaries and is available to nearly 70,000 employees, all within just 9 months after the product was launched. These figures speak for themselves"
Aman Ghei
Partner, Finch Capital
Investors
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About the company
Symmetrical.ai
Symmetrical.ai provides ethical financial products and automated coaching for employees through employer partnerships.