Funding

Viacurrent funding news – Tallinn-based Employee Financial Wellness app Viacurrent Secures Investment

Aug 8, 2024 | By Team SR

Viacurrent funding news - Tallinn-based Employee Financial Wellness app Viacurrent Secures Investment

Viacurrent, an employee financial wellness app located in Tallinn, has secured funding from Amsterdam-based Rockstart, a worldwide early-stage venture capital firm. Kristjan N., an angel investor, also entered the round. Nevertheless, the precise funding amount remained undisclosed.

SUMMARY

  • Viacurrent, an employee financial wellness app located in Tallinn, has secured funding.
  • Under the leadership of Hendrik Ojamaa, Arnold Veltmann, Lemmo L., and Johannes Ööpik, Viacurrent.

According to the organization, flexible pay has been shown to enhance frontline employees' financial well-being, which benefits companies by enhancing recruitment, retention, and productivity.

Hendrik Ojamaa, CEO and Co-Founder, shares, “We’re thrilled to join Rockstart, helping us achieve our mission to financially include European frontline employees into the society. Rockstart is a great partner for helping us do that, with an extensive network across Europe and first-hand experience at scaling early-stage startups into massive companies.”

Three domains are served by Rockstart, an early-stage investor that supports creators with a purpose: energy, agri-food, and emerging technologies. Through its connections with co-investors, mentors, partners, corporates, and the larger Rockstart network, the company gives creators access to finance, market, and experience through its investments in early-stage entrepreneurs from each of the three funds.

Michael Bjørnlund, Managing Partner at Rockstart Emerging Tech, adds, “This Estonian team has a sweet combination of insight to the problem they want to address, grit and founder complementarity. They’ve already gotten off to a great start, and I am excited to be working with them in making smarter payment offerings.”

About Viacurrent

Under the leadership of Hendrik Ojamaa, Arnold Veltmann, Lemmo L., and Johannes Ööpik, Viacurrent allows workers to monitor finished shifts, receive funds for hours already worked, and improve their financial well-being via their learning center. The Estonian company integrates its accounting and timekeeping software to do this. Employees can view real-time information about their earned compensation and utilize up to 50% of it before payday based on the salary information.

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