A British fintech which pledges to enhance staff’ monetary wellbeing has secured a $5m (£3.9m) seed funding spherical led by the outstanding enterprise capitalist Notion Capital.
Sky Information understands that Aslan, which was based by James Gozney, will announce the fundraising later this week.
Aslan gives reward playing cards providing tax-efficient cashback on on a regular basis spending for its purchasers’ staff.
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Its service provider companions embody Amazon, Apple, Asda, the Co-op, Lakeland, Marks & Spencer and Superdrug, in keeping with the corporate’s web site.
The corporate additionally presents versatile pay schedules – inside limits set by its company clients – which it says will assist customers keep away from having to entry overdrafts and bank cards.
Its new funding, which additionally consists of participation from Redstone, will allow Aslan to enhance its rewards providing and develop its workforce.
“We’re simply getting began; Aslan will essentially change the way in which that all of us receives a commission, and the way corporations reward their individuals,” Mr Gozney mentioned.
Stephen Chandler, a managing accomplice at Notion, who’s becoming a member of Aslan’s board, added: “Aslan is bringing a major innovation to market, in enabling versatile pay and rewards for salaried staff.
“It gives game-changing advantages for each employers and their employees.”
Aslan mentioned the typical wage of its customers up to now was £50,000 – increased than is perhaps anticipated for a service of its sort.
The valuation at which the brand new funding was being injected was unclear on Tuesday.
