OC&C Advises Sofina on Lead Investment in Stream (formerly Wagestream)

We are delighted to announce that OC&C supported Sofina with buy‑side commercial diligence in its lead investment in Stream, the UK‑origin workplace finance platform formerly known as Wagestream.

Stream has successfully closed a £67m ($90m) Series D funding round led by Sofina, alongside participation from existing backers including Ascension Ventures, Balderton, Northzone, Smash Capital, LocalGlobe Latitude, the British Business Bank and Better Society Capital.

Founded in 2018 to give employees fairer access to their earned wages and alternatives to high‑cost payday lending, Stream has since evolved into a broader workplace finance platform that partners with employers to deliver tools for budgeting, savings, affordable credit and financial planning directly through payroll systems. The business has expanded rapidly across the UK, Europe and the US, now supporting millions of workers through thousands of employer partnerships.

Our buy-side work support Sofina in shaping commercial diligence, market evaluation and strategic positioning.

This transaction underscores several broader trends reshaping the Technology, Media & Telecoms (TMT) landscape, including the convergence of FinTech and HRTech and a wider shift towards embedded financial services.

The capital raised will be used to accelerate growth internationally and add new product capabilities, including pensions and long-term savings offerings.

OC&C and Private Equity

OC&C advise clients at the intersection of technology and financial services, helping investors and corporates navigate rapidly evolving digital ecosystems. Our work supports strategic decision‑making in areas such as platform scaling, go‑to‑market execution and value creation.