SteadyPay Raised $3M in Seed Funding
- SteadyPay, a London, UK-based progressive lending platform provider, raised $3M in Seed funding
- The round was led by N1 with participation from Ascension, The Future Fund
- The company intends to use the funds to accelerate growth and expand operations
- The company is a progressive lending platform for people with unstable incomes
- The AI-based solution analyzes open user data to predict their creditworthiness
- According to these forecasts, the company tops up the bank account of a platform user if their earnings fall below the average monthly income
- The algorithm calculates how much money can be loaned to a particular client
