Sync Savings closes angel round backed by female fintech investors to expand payroll savings platform
Sync Savings closes angel round backed by female fintech investors to expand payroll savings platform #
UK payroll savings startup Sync Savings has closed a funding round backed by a group of female angel investors, with plans to expand its automated workplace savings product across the UK and Europe.
The round was supported by Sarah Williams-Gardener OBE, chair of FinTech Wales; Rupa Popat, founder of early-stage venture firm Araya Ventures; Fiona Howarth, CEO of Octopus Electric Vehicles; and Angels Invest Wales, according to Fintech Futures. The amount was not disclosed.
Sync Savings was founded in 2023 by Joss Tasker and Alex Fox, both former Monzo executives. The London-based company runs a payroll savings infrastructure that lets employees automatically set aside money into high-interest savings accounts directly from their wages, accessed through their employer’s existing workplace benefits.
Tasker said the new capital would support expansion and product development. “This investment gives us the opportunity to take what is already working and bring payroll savings to millions more employees across the UK and Europe,” he said. The proceeds will also fund further development of Sync’s technology platform and new financial services partnerships.
The company raised a friends-and-family angel round in 2023, backed by executives from ComplyAdvantage and Octopus EV, among others. Since then, Sync has been accepted into the Lloyds Banking Group Launch innovation programme and formed a commercial partnership with IRIS Staffology, a payroll software provider serving a large share of UK businesses.
The startup also joined the National Coalition for Workplace Savings this year. Tasker contributed to an August 2025 FCA statement that clarified the regulatory framework for employers and payroll providers offering workplace savings schemes, which the company said removed a regulatory barrier to broader industry adoption. Sync’s model uses FCA-approved frameworks and deposits held through regulated partner institutions, with savers covered under the Financial Services Compensation Scheme.
Copy link