Stream Raises $90m in Series D Funding to Redefine Workplace Finance and Drive US Expansion

Stream, the leading workplace finance provider (formerly Wagestream), today announced the close of its $90 million Series D funding round, bringing the company’s total funding to $228 million. The raise will allow Stream to accelerate its mission of delivering fair financial tools to the everyday worker by partnering with more of the world’s best employers.

The latest round is led by Sofina, with continued backing from existing investors Ascension Ventures, Balderton, Northzone, Smash Capital, Local Globe Latitude the British Business Bank, and participation from Better Society Capital.

Stream now has over 75 investors including major financial institutions and leading social impact firms, helping it support more than 2,000 brands and four million workers across the UK, Europe and the US.

The funding will fuel the continued expansion of Stream’s product offering. Stream first launched in 2018 with an earned wage access product, giving people flexible access to their earned wages for a low, flat fee, and challenging payday lenders that profit from financial distress through high-cost, unsustainable credit. Since then, Stream has grown into a broader workplace finance platform, partnering directly with employers and helping workers save, budget, plan ahead, and access affordable credit, all in one place. To date, Stream has saved its members over $200 million on financial services products they would have had to have paid a premium for elsewhere.

Following the acquisition of pensions technology company Zippen in July 2025, Stream began the roll-out of its first pensions product in the UK – Find and Combine – to capture the estimated £31.1 billion in unclaimed pensions assets. In five months, Stream located almost £8 million in lost pensions, indicating the significant opportunity to support workers in this area. The new funding will support further innovation into an enhanced pensions offering and new long-term savings options.

The investment will also support Stream’s international growth, specifically in the US. The US business already supports one million employees across major brands including New Balance, Hilton and Dollar General – and plans to further scale its network of integration partners.

“Stream has pioneered the workplace finance category in the UK, as one of the few platforms giving workers fair financial tools to save, budget and plan ahead – all through their employer. For many, this is the first time they’ve felt genuinely in control of their money”, said Peter Briffett, co-founder and CEO of Stream.

“This investment will allow us to deepen that impact through pensions and international growth, helping more people build financial security. If we get this right, the benefits extend far beyond individuals – lowering personal debt, reducing risk of employment and boosting productivity.”

Jean-François Burguet, Principal at Sofina, commented: “Stream has redefined how financial services can be delivered in the workplace with both profitability and purpose. Its impact-led model aligns with Sofina’s investment philosophy, and we are delighted to lead this round as the company enters its next phase of growth – heralding a new era for employee-oriented workplace finance.”

Dougie Sloan of Better Society Capital added: “Stream exemplifies how placing impact considerations at the heart of product development can drive sustainable commercial value. Its focus on tackling the ‘poverty premium’ not only works to improve financial resilience, but also solve critical challenges for employers. Stream’s dedication to understanding and improving their products’ impact on users enables greater positive outcomes and propels their strong commercial growth, and we look forward to the impact this funding will support.”

George Mills, Investment Director at British Business Bank, said: “Since our initial investment in early 2024, Stream has gone from strength to strength and expanded its financial wellbeing offering to include savings accounts and fair loan products. These new services should help the company both to accelerate growth and to improve the financial wellbeing of the millions of workers that already use the platform.”

This funding round follows the company’s September 2025 rebrand from Wagestream to Stream, marking its evolution into a multi-product workplace finance platform.