In the latest development, the London-based fintech startup Hastee has secured €243 million to fund the development and growth of its financial wellbeing solution that gives workers immediate access to their earned pay. The funding round was led by Umbra Capital and supported by IDC Ventures and others.
Founded by James Herbert and Simon Draper in 2017, the company provides a benefit that allows employees to receive their pay immediately through the mobile app Hastee App. This platform lets workers access up to 50% of their earned pay on demand.