# Neyber secures £7.5 million in Series B funding Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2017-04-18 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: Neyber Raises £7.5M in Series B Funding Round Meta Description: Revolutionising financial services, Neyber secures £7.5M in latest funding round, with significant investment from Deutsche Bank execs and Police Mutual. URL: https://financedigest.com/neyber-secures-7-5-million-in-series-b-fundinghtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/four-businesspeople-in-a-bo-1736843947223-compressed.jpg) - £18M of capital raised to date including significant investment from Police Mutual Disruptive consumer finance and wellbeing platform Neyber has raised £7.5 million at the closure of its series B funding round, bringing the company’s total capital raised to date to £18 million since its inception. Leading investors from the financial services sector have joined the company’s investor base; with former Deutsche Bank COO, Henry Ritchotte, and Credit Suisse Investment Bank Co-Head, Gaël de Boissard, taking a stake in the company. Neyber’s anchor investor and partner, Police Mutual, has made an additional significant investment in this innovative strategic partnership between the largest affinity society in the UK and a [leading fintech company](https://www.financedigest.com/surgical-imaging-market-2021-global-leading-companies-analysis-revenue-trends-and-forecasts-2027.html "Surgical Imaging Market 2021 Global Leading Companies Analysis, Revenue, Trends and Forecasts 2027"). The financial [wellbeing](https://www.financedigest.com/prioritising-employee-wellbeing-in-finance-firms-through-learning-and-development.html "Prioritising employee wellbeing in finance firms through learning and development") platform enables employers to offer access to loans at more affordable rates than are commonly available on the high street. [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 unique salary deduction technology that integrates directly with employer payroll systems. Neyber’s total [loan book exceeds £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") and has grown by over 500% in the past year alone. The company’s services are now available to public sector employees across the Police Service, London City Airport, 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 UK Power Networks and Anglian Water. Neyber co-founder and Chief Executive Officer, Martin Ijaha, said, “This [latest funding round has delivered](https://www.financedigest.com/britain-lifts-rates-by-most-since-1995-latest-to-deliver-aggressive-hikes.html "Britain lifts rates by most since 1995, latest to deliver aggressive hikes") significant support from our anchor partner, Police Mutual and other initial investors alongside new investors with notable experience in the financial services sector. Their [investment will support the acceleration of Neyber’s business](https://www.financedigest.com/japanese-businesses-pledge-uk-investment-ahead-of-sunak-meeting.html "Japanese businesses pledge UK investment ahead of Sunak meeting"), enabling it to reach more employees.” Henry Ritchotte said, “Neyber is revolutionising the UK’s financial services sector. It has an expert [founder group](https://www.financedigest.com/attorney-and-founder-of-chukwuma-law-group-jeff-c-chukwuma-on-intuition-as-a-tool-for-successful-outcomes.html "Attorney and Founder of Chukwuma Law Group, Jeff C. Chukwuma on Intuition as a Tool for Successful Outcomes") that is focused on growing the business, expanding its product range and delivering best in class service to its partners and clients. I am looking forward to [investing in the company](https://www.financedigest.com/factbox-companies-invest-in-ev-battery-factories-in-europe.html "Factbox-Companies invest in EV battery factories in Europe") and working with the team there.” Gaël de Boissard said, “I’m excited by Neyber’s offering, its progress to date and the company’s [growth potential](https://www.financedigest.com/lte-and-lte-advance-market-potential-growth-share-demand-and-analysis-of-key-players-forecasts-to-2025.html "LTE And LTE Advance Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2025"). Neyber is a [game](https://www.financedigest.com/how-technology-is-changing-the-game-in-construction.html "How Technology is Changing the Game in Construction") changing disruptive force in the financial services sector that will fundamentally change the way that consumers borrow and save in the UK.” Police Mutual Finance Director, Ian Cordwell, said, “Police Mutual has worked in partnership with Neyber from the inception of the company. We’ve achieved much together and delivered fairer financial services to our [members across](https://www.financedigest.com/gumgum-appoints-new-staff-members-across-germany.html "GumGum appoints new staff members across Germany") the Police Service. We’ve backed our commitment to Neyber by increasing our significant investment in the company and will continue to support its growth across the UK employment market.” Neyber was founded by former [Goldman Sachs](https://www.financedigest.com/telefonica-hires-goldman-sachs-to-sell-uk-mobile-masts-stake-el-confidencial-says.html "Telefonica hires Goldman Sachs to sell UK mobile masts stake, El Confidencial says") 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. Neyber has been [named by Real Business as one of the Top](https://www.financedigest.com/top-diamond-producer-de-beers-names-equinors-cook-as-new-ceo.html "Top diamond producer De Beers names Equinor’s Cook as new CEO") 50 most disruptive financial technology platforms in the UK for 2017. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---