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

Hyperliquid degen James Wynn FUDs Binance

Hyperliquid degen James Wynn FUDs Binance

Crypto & Web 3
July 6, 2025
Official Receiver and Glencore strike essential Lindsey oil provide deal

Official Receiver and Glencore strike essential Lindsey oil provide deal

The Official Receiver has reached a take care of the commodities buying and selling large,…

July 6, 2025
The American Justice System Wants Main Reform | Economics

The American Justice System Wants Main Reform | Economics

Supreme Court docket Justice Ketanji Brown Jackson acquired a standing ovation on Thursday after denouncing…

July 6, 2025
‘We’ll by no means yield’: Thousands and thousands of Iranians unite in mourning

‘We’ll by no means yield’: Thousands and thousands of Iranians unite in mourning

Below the crimson flag of martyrdom, they beat their chests in reminiscence of a fallen…

July 6, 2025
Greece: Wildfire tears by southern Crete – forcing greater than 1,500 to flee houses and accommodations

Greece: Wildfire tears by southern Crete – forcing greater than 1,500 to flee houses and accommodations

A fierce wildfire pushed by gale-force winds has torn by southern Crete, forcing the evacuation…

July 6, 2025

YOU MAY ALSO LIKE

Ryanair urges EU chief to ‘give up’ over air site visitors strike disruption

Michael O'Leary, the group chief govt of Europe's largest airline by passenger numbers, mentioned in an interview with Enterprise Stay…

Business
July 6, 2025

British fintech Zilch on hunt for abroad bid targets

Zilch, the buyer lender which has grow to be considered one of Britain's fastest-growing fintech corporations, has begun a seek…

Business
July 6, 2025

Fragrances retailer Bodycare traces up debt funding bundle

A well being and wonder retailer based on a Lancashire market stall greater than half a century in the past…

Business
June 23, 2025

Industrial technique targets short-term ache for long-term acquire

The federal government's industrial technique goals to harness one of the best of British enterprise, from automotive to video gaming…

Business
June 23, 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?