Fintech secures six-figure funding to support UK workers' financial wellbeing

A London-based fintech has secured six-figure government funding to support the financial education of employees across the UK.

PayDashboard has secured £167k from Innovate UK to support the continued growth of its interactive payslip technology.

Launched in 2016, PayDashboard enables employees to access financial education through their digital payslips and utilise smart features in an attempt to help them to understand their pay, their payslip and their taxes.

The company plans to use the grant to further expand into the financial wellbeing market and offer tools that aim to support employees’ financial, physical and mental wellbeing.

Mike Binns, CEO at PayDashboard, commented: “The support behind this Government funded grant from Innovate UK is strongly indicative of our future product vision and continued growth potential.

“We look forward to expanding our PayDashboard offering to new audiences in the coming months.”

Innovate UK executive chair, Dr Ian Campbell, added: “In these difficult times we have seen the best of British business innovation. The pandemic is not just a health emergency but one that impacts society and the economy.

“PayDashboard, along with every initiative Innovate UK has supported through this fund, is an important step forward in driving sustainable economic development. Each one is also helping to realise the ambitions of hard-working people.”