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

London-based Stream, a workplace finance provider (formerly Wagestream), today announced the close of its €76 million ($90 million) Series D funding round to accelerate its mission of delivering financial tools to the everyday worker by partnering with employers.

The latest round is led by Sofina, with continued backing from existing investors Ascension Ventures, Balderton, Northzone, Smash Capital, Local Globe Latitude, the British Business Bank, and participation from Better Society Capital – bringing the company’s total funding to €194 million ($228 million).

“Stream has pioneered the workplace finance category in the UK, as one of the few platforms giving workers fair financial tools to save, budget and plan ahead – all through their employer. For many, this is the first time they’ve felt genuinely in control of their money,” said Peter Briffett, co-founder and CEO of Stream.

The past year showed continued investor activity around workplace finance and employee financial wellbeing platforms, providing relevant context for Stream’s Series D.

In June 2025, Madrid-based Payflow raised €10 million in an equity round to expand its earned wage access and financial wellbeing offering across Europe and Latin America, highlighting interest in employer-embedded financial tools beyond the UK.

EU-Startups has also previously reported on Stream (then Wagestream) itself, which secured a €352 million debt financing facility in May 2025 to scale fair financial services for employees, highlighting the company’s earlier use of non-dilutive capital alongside venture funding.

Taken together, these announcements point to at least €362 million in disclosed funding and credit facilities flowing through the European workplace finance sector during 2025.

“This investment will allow us to deepen that impact through pensions and international growth, helping more people build financial security. If we get this right, the benefits extend far beyond individuals – lowering personal debt, reducing risk of employment and boosting productivity,” adds Peter.

Founded in 2018, the Stream platform boasts four million users through 2,000 brands across the UK, Europe, and US. Offered through employers, the platform aims to help members to earn, learn, save, spend and borrow on their own terms, all through one app.

Stream first launched with an earned wage access product, giving people flexible access to their earned wages for a flat fee, and challenging payday lenders that profit from financial distress through high-cost, unsustainable credit.

Jean-François Burguet, Principal at Sofina, comments: “Stream has redefined how financial services can be delivered in the workplace with both profitability and purpose. Its impact-led model aligns with Sofina’s investment philosophy, and we are delighted to lead this round as the company enters its next phase of growth – heralding a new era for employee-oriented workplace finance.”

To date, Stream says they have saved its members over €170 million ($200 million) on financial services products they would have had to have paid a premium for elsewhere.

Following the acquisition of pensions technology company Zippen in July 2025, Stream began the roll-out of its first pensions product in the UK – Find and Combine – to capture the estimated €35.7 billion (£31.1 billion) in unclaimed pensions assets.

In five months, the company says they located almost €9 million (£8 million) in lost pensions.

Dougie Sloan of Better Society Capital adds: “Stream exemplifies how placing impact considerations at the heart of product development can drive sustainable commercial value. Its focus on tackling the ‘poverty premium’ not only works to improve financial resilience, but also solve critical challenges for employers.

“Stream’s dedication to understanding and improving their products’ impact on users enables greater positive outcomes and propels their strong commercial growth, and we look forward to the impact this funding will support.”

The investment will also support Stream’s international growth, specifically in the US. The US business already supports one million employees across major brands including New Balance, Hilton and Dollar General – and plans to further scale its network of integration partners.

George Mills, Investment Director at British Business Bank, says: “Since our initial investment in early 2024, Stream has gone from strength to strength and expanded its financial wellbeing offering to include savings accounts and fair loan products. These new services should help the company both to accelerate growth and to improve the financial wellbeing of the millions of workers that already use the platform.”

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