The Series A round was co-led by MTech Capital and Viola FinTech to support platform expansion and financial services growth.
"Given the strong demographic growth in the over 50s across developed countries, we are constantly surprised that most venture funding continues to flow into business models targeting millennials and Gen Z – at the exclusion of support and services for midlifers. With this funding round, we are delighted to bring on board some fantastic new investors who understand the seismic demographic shift underway in society and the opportunity this presents to better serve an under-represented audience."
QED Investors leads Series A financing into the expense management platform alongside Earlybird Digital East.
"We are delighted to invest in Payhawk. The company is growing at a phenomenal rate. The company’s product fundamentals are exceptionally strong, and industry trends are working in the company’s favour too. As budgets are more typically managed online by remote teams, there is unprecedented demand for cost-effective finance solutions. We look forward to working with Hristo and the team"
Anthemis led the seed round with backing from QED Investors and Seedcamp.
"Weavr’s solution provided us with the platform to accelerate our route to market. We were faced with developing multiple integrations across many third-party stakeholders. Working with Weavr removed the need to carry out a long and complex build and meant we could take advantage of favourable market forces that we may have otherwise missed."
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 investment round was co-led by Nyca Partners and QED Investors to support international expansion and product development.
"Though the card networks have built extremely robust infrastructure, alternative payment methods are evolving and consumer choice will be driven by value. Our goal at Fidel is to supercharge innovation by empowering everyone in the ecosystem. By making it easy for developers to build on top of the infrastructure, the card networks stay relevant. By removing the barriers to entry for developers, applications can be brought to market more quickly. That drives value back to consumers, who get the same benefits and user experience they are used to receiving with other online services."
