Hastee: Raised £208m

Hastee: Raised £208m

Hastee: Digital payroll firm, raised £208 million in a funding round led by Umbra Capital

  • Hastee will use the new injection of cash to fund the development of its systems and increase the scale of its business
  • It is on a mission to reduce customers’ reliance on high-cost credit, payday loans, credit cards and overdrafts
  • Users can access up to 50% of their earned pay on demand through the company’s mobile application
  • Workers using Hastee receive their first withdrawal every month, up to £100, free of charge
  • Further withdrawals are subject to a transaction fee of 2.5%
  • It also by London City Airport, Avery Care Homes, and restaurant operator Mitchells & Butlers