Stream, the workplace finance company formerly known as Wagestream, raised a $90m (about £67m) Series D, announced on 20 January 2026. Sofina led the round. Existing investors Ascension Ventures, Balderton, Northzone, Smash Capital, LocalGlobe Latitude and the British Business Bank took part, along with Better Society Capital, according to the company and UKTech News.
The round brings Stream's total funding to $228m. No valuation was disclosed. Stream says it now has more than 75 investors.
“This investment will allow us to deepen that impact through pensions and international growth”Peter Briffett, Co-founder and CEO, Stream
What Stream does
Stream launched in 2018 with earned wage access, giving employees early access to wages they have already earned as an alternative to payday lenders. UKTech News said it has since added budgeting and planning tools and affordable credit, all offered through employers. It acquired Zippen in 2025 and now offers pension services. FF News reported that, after acquiring pensions technology company Zippen in July 2025, Stream began rolling out Find and Combine in the UK, a product aimed at an estimated £31.1bn in unclaimed pensions. In five months it located almost £8m in lost pensions.
Peter Briffett is co-founder and chief executive. Stream is London-based, according to UKTech News, and its press release was datelined London and New York.
Stream rebranded from Wagestream in September 2025, according to FF News.
Customers and reach
The company says it serves more than four million workers at over 2,000 brands across the UK, Europe and the US. Its US business supports one million employees, including at New Balance, Hilton and Dollar General. Pulse 2.0 reported that members have saved more than $200m by avoiding higher-cost financial products. These are company figures.
Neither source gave revenue or headcount.
What the money is for
Stream said it will partner with more employers, develop an enhanced pensions offering and new long-term savings options, and support international growth, particularly in the US.
Briffett said: "This investment will allow us to deepen that impact through pensions and international growth." He also said Stream has pioneered the workplace finance category in the UK.
Pulse 2.0 reported that Briffett said the benefits could extend beyond individuals to lower personal debt and higher productivity. FF News added that the plan includes more integration partners in the US.
Who invested
Jean-François Burguet, a principal at Sofina, said Stream has redefined how financial services can be delivered in the workplace. Dougie Sloan of Better Society Capital also gave a statement in the release. George Mills, investment director at the British Business Bank, said: "Since our initial investment in early 2024, Stream has gone from strength to strength", adding that the company has expanded to include savings accounts and fair loan products.
Pulse 2.0 reported that Balderton first invested in 2019, after co-leading the Series A with Northzone and QED. The sources do not give the Series A amount, so no funding history is listed.
Company website: stream.co