London-based workplace finance provider Stream has successfully closed a $88 million Series D funding round to advance its mission of delivering essential financial tools to employees through their employers. The investment, led by Sofina, brings the company’s total funding to $225 million. This new capital injection is earmarked to accelerate product development and support significant international expansion, particularly within the United States market.
A Thriving Workplace Finance Sector
The funding arrives amidst a period of strong investor confidence in the employee financial wellbeing sector across Europe. In 2025 alone, the European market saw over $421 million in disclosed funding and credit facilities, highlighting a growing recognition of employer-embedded financial tools. This trend underscores the increasing demand for solutions that help workers manage their finances directly through their place of employment, moving beyond traditional banking services.
Evolving from Access to Overall Wellbeing
Founded in 2018, Stream initially pioneered the earned wage access model in the UK, providing a fair alternative to high-cost payday lenders. The platform now serves four million users across 2,000 brands, offering a comprehensive suite of tools for earning, saving, and borrowing. This evolution reflects a broader strategy to build a single application that empowers workers to achieve genuine financial control and security.
A key area of recent innovation is pensions, following the acquisition of Zippen in July 2025. Stream launched its "Find and Combine" feature to tackle the estimated $41.5 billion in unclaimed UK pension assets. In just five months, the tool has already located nearly $10 million in lost pensions for its users, demonstrating a tangible impact on long-term financial health.
Investor Confidence in an Impact-Led Model
Lead investor Sofina praised Stream's ability to merge profitability with a clear social purpose, a core tenet of its own investment philosophy. Jean-François Burguet, Principal at Sofina, noted that the company has redefined how financial services can be delivered effectively in the workplace. This endorsement signals strong confidence in Stream's next phase of growth and its potential to reshape employee-oriented finance on a larger scale.
This sentiment is shared by other backers, including Better Society Capital and the British Business Bank, who highlighted the company's impact-driven approach. Dougie Sloan of Better Society Capital emphasized how tackling the "poverty premium" improves financial resilience while solving critical challenges for employers. This dual benefit of enhancing employee wellbeing and boosting business productivity is central to Stream's commercial success and investor appeal.
Fueling International Expansion
A significant portion of the new capital will fuel Stream's international growth, with a primary focus on the United States. The company already supports one million employees in the US through major brands like New Balance, Hilton, and Dollar General. The funding will enable Stream to scale its network of integration partners and deepen its market penetration across North America.
This $88 million investment marks a pivotal moment for Stream, validating its impact-first approach to financial services and equipping it for ambitious global expansion. By broadening its platform to include pensions and other critical tools, the company is solidifying its position as a leader in the workplace finance category. The new funding will empower Stream to help millions more workers build financial security, benefiting individuals, employers, and the wider economy.