About Salary Finance
Salary Finance improves employees' financial well-being by partnering with employers to provide financial education, tools, and products. Their services include salary-linked loans, savings programs, and financial calculators to help employees manage their finances effectively. Unlike competitors, Salary Finance's model focuses on integrating these services into employee benefits packages, which reduces financial stress and enhances productivity for employers. The company's goal is to create a financially stable workforce through accessible financial resources.
London, United KingdomHeadquarters
2015Year Founded
$134.9MTotal Funding
LENDING_CAPITALCompany Stage
Fintech, Financial ServicesIndustries
201-500Employees
Risks
Integration challenges from the FinFit merger may disrupt service delivery.
Departure of key leadership like Ridhima Durham could create strategic gaps.
Regulatory scrutiny on ReFi™ may impact its adoption and success.
Differentiation
Salary Finance partners with employers to offer unique financial wellness benefits.
They provide salary-linked loans, savings programs, and financial education resources.
Their ReFi™ product offers a novel approach to automated debt consolidation.
Upsides
The merger with FinFit enhances their position in the US financial wellness market.
Integration with open banking can offer comprehensive financial insights to employees.
Growing demand for digital financial tools supports Salary Finance's online platform expansion.
Funding
Total raised$134.92 M
Latest valuation$164.00 M
StageLENDING_CAPITAL
LENDING CAPITAL
2/28/2021$150
SERIES D
11/30/2020$27
$164.00 MSERIES C
3/31/2019$33
$164.00 MSERIES B
7/31/2018$20
$100.00 MSERIES A
9/30/2017$53
$200.00 MEARLY VC
10/31/2015$6
$30.50 M