Stream, the workplace finance provider formerly known as Wagestream, has raised $90 million (£67m) in a Series D funding round as it looks to expand its offering and partner with more employers globally.
The raise brings the company’s total funding to £170m and will support the London FinTech’s push to provide workers with tools such as saving, budgeting and access to affordable credit through their workplace.
The round was led by Sofina, with continued backing from existing investors including Ascension Ventures, Balderton, Northzone, Smash Capital, LocalGlobe, Latitude, the British Business Bank and participation from Better Society Capital.
The company now has more than 75 investors, spanning major financial institutions and social impact firms, and supports over 2,000 brands and 4m workers across the UK, Europe and the US.
Funding will also support continued product expansion, including pensions, following Stream’s acquisition of pensions technology company Zippen in July 2025.
The business has since begun rolling out its first pensions product in the UK, Find and Combine, designed to help locate and consolidate lost pension pots, with the firm pointing to an estimated £31.1 billion in unclaimed pension assets.
It has already located almost £8m in lost pensions within five months and plans to build a broader pensions and long-term savings offering.
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Stream launched in 2018 with an earned wage access product, offering employees flexible access to wages they have already earned for a low flat fee, positioning itself as an alternative to high-cost payday lending.
Since then, it has grown into a wider workplace finance platform, offering services that help workers manage money day-to-day and plan longer term.
It is said to have saved members more than $200m on financial services costs they would otherwise have paid elsewhere.
A further focus for the new capital will be the firm’s international growth, particularly in the US, where it said its platform already supports around 1m employees, including workers at brands such as New Balance, Hilton and Dollar General.
The company also plans to continue scaling its network of integration partners to broaden employer adoption.
“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,” said Peter Briffett, co-founder and CEO of Stream.
“For many, this is the first time they’ve felt genuinely in control of their money.
“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.”
Jean-François Burguet, principal at Sofina, added: “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.”
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