A British fintech which pledges to enhance employees’ monetary wellbeing has secured a $5m (£3.9m) seed funding spherical led by the distinguished enterprise capitalist Notion Capital.
Aslan supplies reward playing cards providing tax-efficient cashback on on a regular basis spending for its shoppers’ staff.
Cash newest: Spain plans to ban Britons shopping for second properties
Its service provider companions embrace Amazon, Apple, Asda, the Co-op, Lakeland, Marks & Spencer and Superdrug, in keeping with the corporate’s web site.
The corporate additionally affords versatile pay schedules – inside limits set by its company clients – which it says will assist customers keep away from having to entry overdrafts and bank cards.
Its new funding, which additionally contains participation from Redstone, will allow Aslan to enhance its rewards providing and develop its workforce.
“We are just getting started; Aslan will fundamentally change the way that we all get paid, and how companies reward their people,” Mr Gozney stated.
Stephen Chandler, a managing associate at Notion, who’s becoming a member of Aslan’s board, added: “Aslan is bringing a major innovation to market, in enabling versatile pay and rewards for salaried staff.
“It provides game-changing benefits for both employers and their staff.”
Aslan stated the common wage of its customers to this point was £50,000 – greater than is likely to be anticipated for a service of its form.
The valuation at which the brand new funding was being injected was unclear on Tuesday.
