What is SteadyPay?
Founded in 2018 and headquartered in London, England, SteadyPay operates as a subscription service for a financial app designed to offer gig economy workers immediate access to their earned wages. By bridging the gap between work completion and traditional pay cycles, SteadyPay addresses a critical need for financial flexibility among independent contractors and freelancers. The company's innovative approach to income access positions it as a key player in the evolving landscape of financial services for the modern workforce.
How much funding has SteadyPay raised?
SteadyPay has raised a total of $11.8M across 3 funding rounds:
Angel/Seed
$3.8M
Series A
$5M
Angel/Seed
$3M
Angel/Seed (2020): $3.8M with participation from Fair By Design and Hambro Perks
Series A (2022): $5M led by Future Fund, Digital Horizon, and Ascension Ventures
Angel/Seed (2023): $3M supported by N1
Key Investors in SteadyPay
Hambro Perks
Hambro Perks is a London-headquartered international investment firm focused on private technology investing, partnering with founders to support growth businesses at all stages of the investment cycle.
Future Fund
Future Fund was established in 2006 to invest for the benefit of future generations of Australians, helping to meet unfunded public sector superannuation liabilities.
Digital Horizon
Digital Horizon Ventures is a company operating in the Electronics industry, headquartered in George Town, Grand Cayman, Cayman Islands.
What's next for SteadyPay?
The recent major enterprise-level funding and strategic investment signal a significant phase of scaling for SteadyPay. This capital injection will likely be directed towards expanding its user base, enhancing its technological infrastructure, and potentially broadening its service portfolio to include additional financial wellness tools for gig workers. The company's focus on a rapidly growing segment of the workforce suggests a strategic push to solidify its market leadership and explore new avenues for growth and partnership within the fintech ecosystem.
See full SteadyPay company page
