Total amount raised
$288.8 Million
Latest funding date
2021-03-18
Location
Salary Finance has successfully raised funding to support its mission of improving financial wellbeing for employees through innovative salary-linked financial products. The company offers a range of services, including affordable loans, pay advances, and savings options, all designed to simplify money management and enhance financial stability.
Keep reading to explore the intricacies of Salary Finance's fundraising journey and the investors backing this impactful platform.
What Is Salary Finance?
Salary Finance, founded in 2015, is a financial services company based in London, England. The company operates within the financial wellbeing and employee benefits industry, partnering with employers to offer a range of financial products and services.
These offerings include affordable loans, pay advances, savings plans, and financial education resources, all designed to improve employees' financial health. Salary Finance emphasizes responsible financial management and has been recognized with numerous awards for its innovative and socially responsible approach.
How Much Funding Has Salary Finance Raised?
- Series Unknown
- Amount Raised: USD 6,100,000
- Date: November 2015
- Lead Investors: Brightbridge Ventures
- Series Unknown
- Amount Raised: USD 52,000,000
- Date: October 2017
- Lead Investors: Legal & General
- Series B
- Amount Raised: USD 20,000,000
- Date: August 2018
- Lead Investors: Blenheim Chalcot, Legal & General
- Series C
- Amount Raised: USD 32,800,000
- Date: April 2019
- Lead Investors: Blenheim Chalcot, Legal & General
- Series D
- Amount Raised: USD 26,800,000
- Date: December 2020
- Lead Investors: Experian, Legal & General
- Debt Financing
- Amount Raised: USD 150,000,000
- Date: March 2021
- Lead Investors: Community Investment Management
In total, Salary Finance has raised USD 287,700,000.
Key Investors
- Legal & General
- Details: Legal & General is a British multinational financial services company headquartered in London. It offers a range of services including investment management, lifetime mortgages, pensions, and life assurance.
- Investment Focus Areas: Insurance, investment management, pensions.
- Notable Investments: Not publicly disclosed.
- Blenheim Chalcot
- Details: Blenheim Chalcot is a leading venture builder in the UK, known for creating and scaling innovative businesses. They have a portfolio of over 20 companies across various sectors.
- Investment Focus Areas: Fintech, education, health.
- Notable Investments: ClearScore, Agilisys, Hive Learning.
- Experian
- Details: Experian is a global information services company, providing data and analytical tools to clients around the world. They help businesses manage credit risk, prevent fraud, and automate decision making.
- Investment Focus Areas: Data analytics, credit services, decision analytics.
- Notable Investments: Not publicly disclosed.
- Community Investment Management
- Details: Community Investment Management is an institutional impact investment manager. They provide debt capital to innovative financial services companies that expand access to capital for underserved communities.
- Investment Focus Areas: Financial inclusion, small business lending, impact investing.
- Notable Investments: Not publicly disclosed.
- Brightbridge Ventures
- Details: Brightbridge Ventures is a venture capital firm that invests in early-stage companies. They focus on businesses that have the potential to create significant social impact.
- Investment Focus Areas: Social impact, technology, early-stage ventures.
- Notable Investments: Not publicly disclosed.
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