Symmetrical raises €5.6M to bring ethical finance to employees in Europe
Symmetrical, a company that partners with employers to give their employees financial freedom and peace of mind, through the way in which it makes their financial decisions independent of banks' control, has announced that it has closed a €5.6M ($6.3M). The round was led by Global Founders Capital and Partech, with participation from existing investors Finch Capital, Market One Capital and Plug&Play. The funds will be used to further develop Symmetrical's solution to continue to grant employees peace of mind when it comes to their salary.
“We work as a financial marketplace financed by the employers to eliminate conflicts of interests connected with financial advisory practice and ensure that the data transparency we offer benefits employees as opposed to being used against them” - claims Piotr Smolen, CEO and Co-Founder of Symmetrical.ai.
”Our solution is designed to serve mid-to-large organisations in Europe. Currently they can choose between a couple of specialised providers of cash advances and/or employee credit products which only deliver tools and neither solve real problems of employees, nor of HR Departments. We are convinced that we can actually help not only to improve financial flow, but most importantly to provide valuable and practical financial knowledge” - adds Smolen.
Read more in the press release here.