# Neyber Delivers Growth Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-03-03 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Neyber: Loan book grows 500% to £50M with over £5M in Meta Description: Discover how Neyber's loan book has grown by over 500% to £50M, offering fairer finance to over one million employees in the UK. URL: https://financedigest.com/neyber-delivers-growthhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/young-stylish-businessmanf-1736844137478-compressed.jpg) - Loan book grows by over 500% - £5M capital raised - More than 50 million lent to five thousand employees -  Addressable [market to reach over one million](https://www.financedigest.com/pallet-boxes-market-is-expected-to-reach-us-184-5-million-in-2022-exhibiting-growth-at-cagr-of-5-7-for-2022-28-fmi.html "Pallet Boxes Market is expected to reach US$ 184.5 million in 2022, exhibiting growth at CAGR of 5.7% for 2022-28: FMI") employees Neyber, the sector leading fintech financial wellbeing provider, has increased its [loan book by 500% over the past year to over £50 million](https://www.financedigest.com/britains-lloyds-racks-up-350-million-of-likely-scam-covid-loans.html "Britain’s Lloyds racks up 0 million of likely scam COVID loans"). The [fast growing](https://www.financedigest.com/building-a-fast-growing-start-up-as-a-female-founder.html "Building a Fast-Growing Start-Up as a Female Founder  ") loan book comes in the wake of its launch to all UK employers in 2016, its introduction to 60 companies and 14 employee benefit platforms. Neyber has now raised over £15M in investment [capital and plans](https://www.financedigest.com/ecb-unicredit-clash-over-capital-plans-russia-presence-ft-says.html "ECB, UniCredit clash over capital plans, Russia presence, FT says") to complete a further funding round later in 2017. Neyber is now available to public sector employees across the Police Service, NHS Trusts and Local Authorities and in [leading private](https://www.financedigest.com/private-equity-resilience-leads-to-opportunity.html "Private Equity – Resilience Leads to Opportunity") sector enterprises such as DHL Express, BUPA, UK Power Networks and Anglian Water. This means that 700,000 employees across the UK now have access to fairer [finance and lower cost loans than they would find from high street or alternative](https://www.financedigest.com/demystifying-alternative-finance.html "DEMYSTIFYING ALTERNATIVE FINANCE") lenders; with this rising to over one million employees in 2017 as a result of Neyber’s client pipeline. The disruptive consumer [lending platform enables employers to offer loans](https://www.financedigest.com/peer-to-peer-lending-how-to-use-p2p-lending-for-loans-and-investments.html "Peer-to-Peer Lending: How to Use P2P Lending for Loans and Investments") at more affordable rates than are accessible on the high street; ranging from 4.9% – 9.9%. [Loan repayments](https://www.financedigest.com/bounce-back-loans-what-to-do-if-you-cant-repay-2.html "Bounce Back Loans: what to do if you can’t repay?") are taken through a unique salary deduction technology that integrates directly with employer payroll systems. To achieve this Neyber has invested significantly in building a scaleable platform creating a new user experience in the [consumer credit market](https://www.financedigest.com/analysis-jpmorgan-goldman-bet-on-tech-to-crack-uk-consumer-market.html "Analysis: JPMorgan, Goldman bet on tech to crack UK consumer market"). This enables Neyber to largely negate borrower defaults, delivering more loans at vastly lower costs of acquisition and pass the benefits [back to its customers via competitive interest rates](https://www.financedigest.com/decision-to-end-ecb-reinvestments-takes-back-seat-to-rate-hikes-sources-say.html "Decision to end ECB reinvestments takes back seat to rate hikes, sources say"). Neyber co-founder and [Chief Executive Officer](https://www.financedigest.com/future-market-insights-appoints-aditi-basu-as-chief-marketing-officer.html "Future Market Insights Appoints Aditi Basu as Chief Marketing Officer"), Martin Ijaha, said: “Neyber has [made significant progress](https://www.financedigest.com/sweden-finland-and-turkey-have-made-progress-on-nato-membership-sweden-says.html "Sweden, Finland and Turkey have made progress on NATO membership, Sweden says") throughout 2016 and delivered on the founders’ commitment to deliver a better deal for working people, in the form of fairer finance. We look forward to employers across the UK embracing Neyber in the [year ahead](https://www.financedigest.com/the-year-ahead-top-payments-trends-to-watch-out-for-in-2022.html "The year ahead: Top payments trends to watch out for in 2022") and to their employees benefiting from our services. In an economy where wage rises remain flat and [prices continue](https://www.financedigest.com/bitcoin-price-rises-past-50000-as-rebound-continues.html "Bitcoin price rises past ,000 as rebound continues") to rise, cutting the credit costs of working people matters more than ever before; that’s how Neyber will help millions of hard pressed people across the UK”. Neyber was founded by [former Goldman](https://www.financedigest.com/bank-of-england-names-former-goldman-economist-pill-to-top-economics-role.html "Bank of England names former Goldman economist Pill to top economics role") Sachs investment bankers Martin ljaha and Monica Kalia along with financial technology expert Ezechi Britton. The founders joined together to deliver a genuine alternative to the solutions offered by financial service providers whose high borrowing [rates and low returns on savings have helped to create an unprecedented era](https://www.financedigest.com/ecb-goes-big-with-50-basis-point-hike-ending-negative-rates-era.html "ECB goes big with 50 basis-point hike, ending negative rates era") of financial stress. To find out more about Neyber, please visit the website: [www.neyber.co.uk](http://www.neyber.co.uk) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---