London-based workplace finance provider Stream, formerly known as Wagestream, has closed a €76 mn Series D funding round as it pushes deeper into employer-led financial services for everyday workers.
The raise targets faster product expansion and international growth rather than market experimentation. Total funding now stands at €194 mn, combining equity and earlier capital raises.
The round is led by Sofina, with continued support from Ascension Ventures, Balderton, Northzone, Smash Capital, Local Globe Latitude, the British Business Bank, and participation from Better Society Capital.
Chief executive and co-founder Peter Briffett said Stream helped define the workplace finance category in the UK by giving workers direct access to saving, budgeting, and planning tools through their employers. For many users, he said, it marked the first time financial control felt practical rather than theoretical.
Stream itself secured a €352 mn debt facility in May 2025, a move highlighting its use of non-dilutive capital alongside venture funding.
Taken together, disclosed equity and credit activity points to at least €362 mn flowing into the European workplace finance sector during 2025.
Briffett said the new funding supports deeper impact through pensions products and overseas expansion. He tied the strategy to lower personal debt, reduced employment risk, and higher workplace productivity.
According to Beinsure analysts, insurers and lenders increasingly watch this segment as an indirect driver of financial resilience.
Founded in 2018, Stream now serves roughly four million users across 2,000 employers in the UK, Europe, and the US.
The platform operates entirely through employers and combines earning, learning, saving, spending, and borrowing features within a single app.
The company entered the market with earned wage access, offering flexible access to accrued wages for a flat fee. The product positioned itself against payday lending models built on high-cost credit and financial distress.
Jean-François Burguet said Stream reshaped how financial services operate in the workplace by pairing profitability with purpose. He said the company’s operating model aligns with Sofina’s investment approach as it enters its next growth phase.
Stream estimates it has saved users more than €170 mn by reducing reliance on higher-cost financial products.
Following the July 2025 acquisition of pensions technology firm Zippen, Stream launched its first pensions product in the UK, Find and Combine, aimed at tracking and consolidating dormant pension assets. The market opportunity covers an estimated £31.1 bn in unclaimed pensions.
Within five months of launch, the company said it identified nearly €9 mn in lost pensions.
Dougie Sloan said Stream’s focus on tackling the poverty premium shows how impact-led product design supports durable commercial growth while addressing employer challenges around retention and resilience.
The funding also backs Stream’s US expansion. The business already supports around one million employees across brands including New Balance, Hilton, and Dollar General, with plans to scale further through integration partnerships.
