Wagestream launches workplace loan product across UK, backed by £300m Citi facility

Over 1.7 million UK workers struggle to access fair credit, could employer-backed loans from fintechs like Wagestream be the solution, or a risky blurring of payroll and debt?
Portman Wills, co-founder of Wagestream. Image credit: Wagestream

London-based fintech Wagestream has officially launched its new workplace loan product to its UK client base, offering employees access to affordable, salary-linked lending as part of employer-sponsored benefits. The rollout, which follows a pilot launched in April 2024, is supported by a £300 million debt financing agreement with Citigroup and…

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