British workplace finance platform Stream adds €76 million in funding, bringing total raised to €194 million

London-based workplace finance platform Stream has secured €76 million in Series D funding, bringing its total funding to €194 million. This significant investment highlights the growing interest in financial wellness solutions for employees, which is becoming increasingly important. Stream aims to provide financial tools to everyday workers, partnering with employers to offer services that promote financial security and improve productivity. The latest funding round was led by Sofina, with continued support from existing investors like Ascension Ventures and Balderton. Stream's platform has four million users across 2,000 brands in the UK, Europe, and the US. The platform allows users to earn, learn, save, spend, and borrow on their terms through one app. This funding will enable Stream to expand its impact through pensions and international growth, potentially helping more individuals build financial security. The company's focus on tackling financial challenges faced by employees aligns with broader goals of reducing personal debt and improving financial resilience. Stream has also launched a pensions product and has already located almost €9 million in lost pensions. The success of Stream, along with other similar ventures like Payflow, underscores a trend of employer-embedded financial tools. This increased investment suggests a growing emphasis on fintech solutions designed to improve employee financial well-being. This ultimately contributes to the broader European digital transformation.
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