We collect cookies to analyze our website traffic and performance; we never collect any personal data.Cookies Policy
Accept
Michigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
Reading: Digital pockets supplier Hyperlayer closes in on £30m funding increase
Share
Font ResizerAa
Michigan PostMichigan Post
Search
  • Home
  • Trending
  • Michigan
  • World
  • Politics
  • Top Story
  • Business
    • Business
    • Economics
    • Real Estate
    • Startups
    • Autos
    • Crypto & Web 3
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Beauty
    • Art & Books
  • Health
  • Sports
  • Entertainment
  • Education
© 2024 | The Michigan Post | All Rights Reserved.
Michigan Post > Blog > Business > Digital pockets supplier Hyperlayer closes in on £30m funding increase
Business

Digital pockets supplier Hyperlayer closes in on £30m funding increase

By Editorial Board Published July 6, 2025 2 Min Read
Share
Digital pockets supplier Hyperlayer closes in on £30m funding increase

A British fintech which counts Customary Life amongst its key shoppers is near finalising one of many trade’s largest funding rounds to this point this yr.

Metropolis sources mentioned this weekend that the brand new capital from CDAM and different backers may complete at the very least £30m.

The funding spherical is anticipated to happen at a post-money valuation of about £160m.

Hyperlayer, which operates a consumer-facing digital pockets referred to as Hyperjar, intends to make use of the brand new funding as progress capital to finance the event of recent partnerships with world banks and asset managers.

The corporate supplies sensible account know-how on current shopper infrastructure, and is claimed to work with plenty of the world’s 10 largest banks – though it has not publicly disclosed their identities.

Its work with Customary Life includes the long run launch of a shopper cash app geared toward folks approaching or in early retirement.

Hyperlayer’s consumer-facing platform sees prospects organise their cash in what the corporate calls “digital jam jars”, enabling them to earn rewards which give them entry to accomplice manufacturers comparable to Asda, Morrisons and Starbucks.

IKEA and the John Lewis Partnership are among the many different service provider companions with which Hyperlayer is working to develop distinctive loyalty-based initiatives for its monetary establishment shoppers.

Based in 2006 by Adam Chamberlain and Scott Davies, CDAM has $1.5bn in property beneath administration and is an skilled investor in monetary companies know-how.

Mr Davies has had a seat on Hyperlayer’s board for a number of years.

Mr Rooney, who was a outstanding Wall Road govt for years, finally serving as Morgan Stanley’s know-how operations, joined the corporate as CEO in 2023.

The brand new capital injection led by CDAM is known to be topic to approval by Hyperlayer’s shareholders.

Hyperlayer declined to touch upon Sunday.

TAGGED:30mboostclosesDigitalfundingHyperlayerproviderwallet
Share This Article
Facebook Twitter Email Copy Link Print

HOT NEWS

Heathrow-funded group sending ‘extremely deceptive’ mail to houses throughout west London, campaigners allege

Heathrow-funded group sending ‘extremely deceptive’ mail to houses throughout west London, campaigners allege

Business
July 27, 2025
Clayton Kershaw cannot match Garrett Crochet’s consistency in Dodgers’ loss to Purple Sox

Clayton Kershaw cannot match Garrett Crochet’s consistency in Dodgers’ loss to Purple Sox

BOSTON — Garrett Crochet bought out of his jams on Saturday night time. Clayton Kershaw did not…

July 27, 2025
Miller Moss provides again to Palisades group by internet hosting youth soccer camp

Miller Moss provides again to Palisades group by internet hosting youth soccer camp

Miller Moss reared again and fired. The 23-year-old’s quick and zippy receivers in outsized purple…

July 27, 2025
Israel resumes airdrops into Gaza – as child lady dies weighing lower than when she was born

Israel resumes airdrops into Gaza – as child lady dies weighing lower than when she was born

Israel has resumed airdrops of help into Gaza, as experiences and condemnation of hunger and…

July 27, 2025
Matthew Stafford to overlook at the very least one other week of Rams coaching camp

Matthew Stafford to overlook at the very least one other week of Rams coaching camp

Matthew Stafford noticed observe for the primary time on Saturday, however the Rams star quarterback…

July 26, 2025

YOU MAY ALSO LIKE

Bread producers Hovis and Kingsmill shut in on historic merger

The house owners of Hovis and Kingsmill are closing in on a definitive settlement to merge two of Britain's most…

Business
July 26, 2025

Good financial information as sunny climate boosted retail gross sales

Retail gross sales grew in June as heat climate boosted spending and day journeys, official figures present. Spending on items…

Business
July 25, 2025

Former Poundland proprietor strains up advisers as restructuring looms

The previous proprietor of Poundland is lining up advisers to oversee its transition to new shareholders by a court-sanctioned course…

Business
July 25, 2025

TalkTalk dials up £100m funding from Ares Administration

TalkTalk, the telecoms and broadband group, has secured a £100m capital injection from one in every of its current backers…

Business
July 25, 2025

Welcome to Michigan Post, an esteemed publication of the Enspirers News Group. As a beacon of excellence in journalism, Michigan Post is committed to delivering unfiltered and comprehensive news coverage on World News, Politics, Business, Tech, and beyond.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 | The Michigan Post | All Rights Reserved

Welcome Back!

Sign in to your account

Lost your password?