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Neyber, the UK fintech startup that has raised $150 million from Goldman Sachs and other backers, has laid off around 13 staff, predominantly in its marketing team.
It had around 100 staff prior to the redundancies.
Founders Monica Kalia and Martin Ijaha said the business was reining in its costs as it focuses on sustainability, launching new products, and raising its "last" round of funding.
Neyber was founded in 2014 and offers loans at attractive rates through employers, taking repayments directly from people's salaries.