7 years ago

Salary Finance Raises $20 Million in Series B to Expand into the US

  • Salary Finance, a London-based fintech company, has secured $20 million in Series B funding led by Blenheim Chalcot and Legal & General

  • The company plans to use the funds to expand into the US market and continue its growth in the UK

  • Salary Finance provides a SaaS-based platform that enables employers to offer a benefit allowing employees to transition from debt to savings through salary deductions

  • The company has partnered with United Way to reach a large number of employees in the US.

      • ProblemFinancial Services

      "Employees are struggling to manage their finances, with many carrying high levels of debt, making it difficult to save for the future."

      Solution

      "Salary Finance provides a platform that allows employers to offer financial wellbeing benefits to their employees, helping them to save money and get out of debt by deducting savings and loan repayments directly from their salaries."

      Covered on