Neyber, the financial wellbeing and payroll lending provider, is in talks with accountancy firm BDO about funding options including a possible sale or capital-raising, according to media reports.
Sky News described the discussions as ‘last-ditch’ and also reported that a Neyber employee had confirmed the company had ‘halted making new loans’ though this would only be for a few weeks.
Neyber co-founder told Sky News that suggestions of financial distress were factually incorrect.
Neyber includes Goldman Sachs amongst its investors.
It has also recently added a service allowing employees to access part of their monthly salary before the end of the month.
The provider had lent £175m to employees at 30.6.19, and had relationships with 400 employers, making its service available to around 2 million people.