Member Article

Alternative lender Neyber grows loan book as it eyes £100m mark

Provider of financial employee benefits and alternative lender Neyber has announced it has increased its loan book by 40% in January as it targets £100m of lending this year.

The London-based firm, which was founded by former Goldman Sachs bankers Martin ljaha and Monica Kalia, recently rolled out its service to all UK employers following a year long partnership with Police Mutual.

With the size of its loan book growing to £10m in the first month of the year, the London-based fintech firm now has its sights set on its £100m target for the year.

The firm’s lending platform allows employers to offer loans at more affordable rates than high street banks through its consumer lending platform, with repayments taken through a salary deduction technology that can integrate directly with the employer’s payroll system.

Neyber’s co-founder and Chief Strategy Officer, Monica Kalia, said: “The speed of Neyber’s growth is a clear indication that there is a space in the market for our ground-breaking proposition.

“The ease of use of our unique platform for employers and employees alike coupled with the increasing need to improve financial well being in the workplace are testament to the fact that our loan book has significantly increased in such a short space of time.”