Wagestream, a London-based wealthtech startup, has secured a €352 million debt financing facility from Citi to expand its app-based financial wellbeing services and develop its Workplace Loans product, which offers low-cost, payroll-deducted loans tailored to employees’ income patterns. With over 3 million members across 1,200 employers and more than €2.9 billion in monthly payment volume, Wagestream helps users manage earnings, savings, and borrowing through an all-in-one platform. The funding, backed by major investors including BlackRock and the British Business Bank, positions Wagestream as a leading global provider of employer-linked financial services, reducing financial stress and improving workforce retention.

British Wealthtech Wagestream Secures €352 Million for Fair Financial Services for Employees