Lending startup Neyber, which raised millions from Goldman Sachs, laid off 13% of staff as it focuses on its 'last' fundraise and profitability

Neyber, the UK fintech startup backed by Goldman Sachs, has laid off around 13 staff as it focuses on new products, raising a final round of funding, and profitability. The bulk of people who had been let go were focused on winning new clients and building out the firm's initial offering, they said, both of which are no longer priorities. "We're looking at that as being the last round of capital that will take us to profitability, sustainability," Ijaha said of the new funding round. "So the whole concept around why Neyber started was around saying there's this whole bunch of people that are too risky, the banking sector isn't for them, how can we start something different that's fairer?" Neyber said it can afford lower interest rates because it takes repayments directly from people's salaries, lowering the risk of people defaulting.