London-based workplace finance platform Stream has secured €76 million in fresh funding, pushing its total capital raised to €194 million and reinforcing investor confidence in the fast-growing employee financial wellbeing sector.
The Series D round was led by European investment firm Sofina, with strong follow-on support from Ascension Ventures, Balderton, Northzone, Smash Capital, Local Globe Latitude, the British Business Bank and Better Society Capital. The funding will be used to expand Stream’s product suite, invest in pensions and accelerate international growth—particularly in the US.
Founded in 2018 and formerly known as Wagestream, Stream has built one of the UK’s leading workplace finance platforms by embedding financial tools directly into employers’ payroll systems. Today, the company serves four million users across more than 2,000 brands in the UK, Europe and the US, offering services that help employees earn, save, budget, spend and borrow through a single app.
Stream initially made its name with earned wage access, allowing workers to access wages they have already earned for a flat fee—positioning itself as a fair alternative to high-cost payday lenders. Since then, the platform has expanded into savings, budgeting and loan products, with a growing focus on long-term financial security.
“Stream has pioneered the workplace finance category in the UK,” said co-founder and CEO Peter Briffett. “For many people, this is the first time they’ve felt genuinely in control of their money. This investment allows us to deepen that impact through pensions and international growth.”
The funding comes amid sustained momentum in the European workplace finance sector. In 2025 alone, the industry has seen at least €362 million in disclosed funding and credit facilities, including a €10 million raise by Madrid-based Payflow and Stream’s own €352 million non-dilutive debt facility earlier this year.
A key focus for Stream is pensions. Following its acquisition of pensions technology company Zippen in July 2025, the company launched its first UK pensions product, “Find and Combine,” aimed at unlocking an estimated €35.7 billion in unclaimed pension assets. In just five months, Stream reports it has already helped users locate nearly €9 million in lost pensions.
Investors point to the company’s blend of commercial growth and social impact as a major draw. “Stream has redefined how financial services can be delivered in the workplace with both profitability and purpose,” said Jean-François Burguet, Principal at Sofina. “We’re delighted to lead this round as the company enters its next phase of growth.”
According to the company, its services have saved members more than €170 million in fees they would otherwise have paid for more expensive financial products—a direct attack on what impact investors describe as the “poverty premium.”
The new capital will also fuel Stream’s expansion in the US, where it already supports one million employees at companies including New Balance, Hilton and Dollar General. Further growth is expected through new employer partnerships and deeper integrations with payroll and HR platforms.
“Since our initial investment, Stream has gone from strength to strength,” said George Mills, Investment Director at the British Business Bank. “Its expanding product offering should both accelerate growth and improve the financial wellbeing of millions of workers.”
As employee financial stress continues to challenge employers worldwide, Stream is positioning itself as a central player in a workplace finance market that is rapidly moving from a niche benefit to a core part of the modern employment package.
