Home » General World News » This 35-year-old banker left Goldman Sachs to start a fintech inspired by his mother — 5 years later Goldman gave him £100 million

This 35-year-old banker left Goldman Sachs to start a fintech inspired by his mother — 5 years later Goldman gave him £100 million





The founders of Neyber, from left: Ezechi Britton, Monica Kalia, and Martin Ijaha.
  • Goldman Sachs invests £100 million in UK fintech Neyber.
  • Neyber works with employers to let staff borrow money then repay through salary deductions.
  • Founded by two former Goldman bankers and an ex-Credit Suisse banker.
  • Inspired by Sou-Sou, a traditional West African saving club used by CEO’s mother.

LONDON — Goldman Sachs has invested £100 million in a fintech startup founded by two of its former bankers that lets people borrow money and repay through their salaries.

Neyber, founded in 2014 and launched in 2015, partners with employers to let their staff borrow money at attractive rates.

Repayments are then deducted from future salaries, lowering the risk read more >>>

Source:: BusinessInsider.Com

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