Stream Secures €76 Million Series D Funding for Workplace Finance Expansion
The London-based workplace finance provider, Stream—previously known as Wagestream—has successfully raised €76 million in a Series D funding round. This latest capital infusion will drive the company’s commitment to enhancing employer-led financial services designed specifically for everyday workers.
Funding Focus on Expansion and Growth
The primary goal of this funding increase is to accelerate product expansion and facilitate international growth, steering clear of extensive market experimentation. In total, Stream has raised €194 million to date, combining equity with previous funding rounds.
Key Investors in the Series D Round
This round of financing is spearheaded by Sofina, with continued backing from esteemed investors including Ascension Ventures, Balderton, Northzone, Smash Capital, Local Globe Latitude, British Business Bank, and Better Society Capital. This diverse group of investors highlights the growing interest in workplace finance solutions.
Empowering Workers with Financial Tools
Peter Briffett, Managing Director and Co-Founder of Stream, stated that the company has played a vital role in establishing the workplace finance category within the UK. By enabling workers to access savings, budgeting, and planning tools directly through their employers, Stream has transformed financial management into a practical reality for many users.
Significant Credit Facility Secured
Stream also secured a substantial €352 million credit facility in May 2025, showcasing its strategy to utilize non-dilutive capital in conjunction with venture financing to enhance growth.
Innovative Solutions for Financial Resilience
Briffett emphasized that the new funding will bolster the delivery of impactful products, particularly in retirement planning and international market expansion. The strategy aims to mitigate personal debt, lower employment risks, and increase workplace productivity, which Beinsure analysts recognize as essential for financial resilience.
Rapid Growth and User Base Expansion
Founded in 2018, Stream currently serves approximately four million users across 2,000 employers in the UK, Europe, and the US. The platform integrates earning, learning, saving, spending, and borrowing features into a single app, providing a comprehensive financial solution.
Transforming Financial Access
Stream initially entered the market with its Earned Wages Access product, offering users flexible access to their accrued wages for a low fee. This innovative offering stands in stark contrast to traditional payday lending models, which often subject borrowers to high-cost credit and financial strain.
Impact Beyond Profitability
The company has successfully saved users over €170 million by helping them avoid reliance on more expensive financial products.
New Initiatives and Acquisitions
With the acquisition of pensions technology company Zippen in July 2025, Stream launched its first UK pensions product, “Find and Combine,” focused on tracking and consolidating dormant pension assets. This initiative addresses a significant market opportunity, estimated at £31.1 billion in unclaimed pensions.
Future Growth and International Expansion
Following its launch, Stream reported the identification of nearly €9 million in lost pensions within just five months. Dougie Sloan emphasized that the company’s focus on addressing the poverty premium through impact-driven product design not only contributes to sustainable business growth but also aids employers in overcoming challenges related to employee retention and resilience.
Expanding Influence in the United States
The funding will also facilitate Stream’s expansion into the United States, where it currently serves about one million employees across well-known brands such as New Balance, Hilton, and Dollar General. The company plans to continue its growth through strategic integration partnerships.